What Is Mutation Of Property?
The municipal body in a city keeps records of property ownership transfers to repair capital levy payment liabilities. This is true of the transfer of all types of immovable assets– land, flat, individual home, shop, etc. The mutation is a way to ensure that. Mutation of property or land shows that a property has been transferred from one person to a special, and it also assists authorities in fixing taxpayers’ responsibility. Although not an official document, it’ll be crucial if you want to sell your property in future to reputed builders in Chennai. Mutation of property in Hindi is called Daakhil-Kharij.
How to apply for mutation of property and what does it cost? And what are the documents required for mutation of property? Please note that the procedure and the required documents vary from state to state. But across India you have to file for mutation of property under these situations :
- If you’ve got bought a property: Documents that you will be expected to submit for mutation of property, during this case, include a duplicate of the sale deed, an application for mutation of the property with court fee stamp affixed thereon, an indemnity bond on a Rs 100 stamp paper, an affidavit on a Rs 10 stamp paper, and latest property tax clearance papers.
- Mutation of the property after the death of owner if you’re an heir: For mutation of property in such cases, applicants got to submit a death certificate, a copy of the desire, an indemnity bond on a Rs 100 stamp paper, an affidavit on Rs 10 stamp paper attested by a notary, and the latest property tax clearance papers.
- If you have bought a property through a power of attorney: For mutation of flats for sale in RA Puram in such a case, you’ve got to submit a duplicate of the facility of attorney papers, a duplicate of the will, an indemnity bond on Rs 100 stamp paper, an affidavit on Rs 10 stamp paper, and the latest property tax clearance papers, alongside an application with court fee stamp affixed on it.
How to apply for new flats for sale in Valasaravakkam mutation?
Before applying for the mutation of a property, it’s important to own the required documentation in place consistent with reputed builders in Chennai. The documents may vary from state to state. Requests for the change in official records is completed through an application form with a court fee stamp. The form must be duly filled, signed and submitted. Also, the following documents should be furnished:
- The latest receipt of property tax payment
- The attested copy of the sale deed
- The no-objection certificate from the housing society
- An indemnity bond on stamp paper of requisite value
- An affidavit on stamp paper of requisite value, attested by the notary
- In the case of inherited property, the subsequent documents must be produced:
- A copy of the will or succession certificate or death certificate of the owner
- An indemnity bond on stamp paper of requisite value
- An affidavit on stamp paper of requisite value, attested by the notary
- The latest receipt of property tax payment
- In property purchase through a registered power of attorney, the subsequent documents must be produced:
- A copy of the Power of Attorney papers
- A copy of the will
- Receipt of payment registered with a sub-registrar
- An indemnity bond on stamp paper of requisite value
- An affidavit on stamp paper of requisite value, attested by the notary
- Latest receipt of property tax payment
- The application is then verified, and the process is initiated and completed within 15 to 30 days.
