Real estate investment is a highly lucrative prospect for many businessmen. However, it comes with a prerequisite set of responsibilities and legal compliances that a landowner is expected to adhere to. To help potential land owners comply with the legalities of owning land, here, we’ll explain a bit about what a land registration ID is and what documents are involved in the process.
A land registration ID is an identification number that is used to identify a particular plot of land. It is a part of the record of rights, register of land, disputed cash register, crop inspection register, etc. This ID is also used to give geological information that is related to the land to which it is assigned. This includes things like the type of soil in the land and the size of the plot, agricultural, irrigation, and crop data. Hence, it is important for every landowner.
How to Apply for a Land Registration ID?
Most of the processes that need to be done for the successful application for a land registration ID can be done online. The only aspect that needs to be done offline is the submission of documents. This needs to be done in person at the concerned office. Here are the steps that need to be taken for online registration of land ID.
- Find out the circle rate of the area under which your land comes in. This is the first step toward land registration ID. The circle rate depends on a number of factors, such as the purpose of the land and its type.
- Calculate the stamp duty and the registration fee to be paid for your land. Find out the rates online for your state and arrange the money in advance.
- Go to the online website of the land registration ID for your state. Pay the stamp duty and the registration fee online on the website itself.
- Get an appointment with the sub-registrar office for a consultation. This is an essential part. Make sure that you get a consultation with the sub-registrar of the area in which your land is.
- Be prepared with witnesses. In addition to the buyer and the seller, two additional witnesses are needed to finish the registration process. These witnesses need to sign the documents that are to be submitted to the sub-registrar’s office.
- Finally, visit the sub-registrar’s office on the date of appointment. Submit the property documents to complete the process for registration. You will now be allotted a land registration ID for your land.
List of Documents Needed for Land Registration ID
The land registration process is initiated online, while document submission is made offline in the sub-registrar’s office. For the online part, an individual is required to purchase e-stamp papers and then pay the registration charges online. Some important information to be given during the online process include:
- Description of the land and its data, such as pin code and area.
- Nature of the property, i.e., whether the land is to be used for industrial, commercial, or residential purposes.
- The mode of ownership, whether it will be a purchase, gift, or lease.
- Demographic detail of the owner of the land like name, occupation, and age.
- Proof of property document like the title deed.
Document list to be submitted directly to the office of the sub-registrar office of the area under which the land is:
- A non-judicial stamp needs to be submitted. It must mention the total value that the plot of land entails.
- E-stamp paper that bears the same value as stamp duty.
- A copy of the PAN card.
- Proof of receipt of payment of the online land registration ID and the undertaking.
- ID proof in original of all the parties that are included in the process. This includes the seller, buyer, and both the witnesses.
- 2 passport-sized photos are to be pasted on every copy of the document on the side of both the buyer and the seller.
- Receipt of TDS of the land if its total worth is in excess of Rs 50 Lakhs. This is not needed for lands with a value below Rs 50 Lakhs.
- In case the property is a house property, its documented history of ownership is necessary.
Conclusion
Understanding the concept of land registration ID is vital to fulfilling all duties that come as a landowner. It is important to stay fully informed of all the documentation that is involved during the buying and selling of land property. It is equally important to stay up to date with all the updates regarding land rules.
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