Bihar Registration of Property Sale Deed: Why is Important?

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Introduction

According to the Indian Registration Act of 1908, property registration is mandatory. Similarly, every transaction relating to it must also be registered. Property rights can only be acquired through registration of the deed of the land or property being transferred.

Bihar Registration of Property Sale

Table of Contents

What is the Bihar Registration Act?

The registration process as per Section 25 of the Bihar Registration Act should be followed. It directs that every necessary documentation should be obtained within four months from the specified date of registration in the office of the Sub-Registrar.

A person registering a sale deed in Bihar has to fulfill the obligations as per the prescribed time. Failure of a person to provide essential documents required for the registration process will attract a fine of ten times the sale deed registration fee in Bihar. Legal advice should be taken first to avoid such situations.

Advantages of Property Registration

There are some advantages of property deed registration. These can be enjoyed and used as per Sale Deed Bihar. These are as follows:

  • It assures that the land deed is related to real & existing property.
  • It serves as evidence of the transfer to the person who executes the sale deed in Bihar. It can be enforced in court.
  • It provides security against fraud and forgery that may occur at any time due to negligent transactions.
  • It helps in legally transferring the right of ownership of the property.
  • The sale deed in the Bihar section under the Act advertises the transaction and records it in the government books.
  • It is important to save the original sale deed in Bihar. It helps in preparing the title deeds of the property. A certified copy of the deed in case the original is lost or stolen.

Procedure for Bihar Registration of Property Sale Deed

  • Section 32 of the Indian Registration Act 1908 has been directed to provide for registration under the prerequisites of this Act.
  • These documents are to be submitted to the concerned Regional Officer or Sub-Registrar for sale deed in Bihar. They proceed with the registration after verification of the mentioned documentation.

Documents Required for Sale deed Registration

Below is the List of Documents Required for Sale deed Registration in Bihar:

  • The original copy of the sale or purchase agreement is printed on stamp paper.
  • Certified copy of the resolution of the board of directors of both parties.
  • Both parties have to provide their identity proof as prescribed by the concerned authority.
  • PAN card of both parties.
  • File copy of income tax statement or sale deed for registration Bihar.

These are some basic documents required for sale deed registration in Bihar. The authority may also prescribe any other documents required for other cases. They are:

Partition Case

  • Original Deed
  • Challan (Appendix 1A BRR)
  • form 4 as per section 4(1) Bihar Stamp Rules 1995 (Annexure 1b)
  • Identity proof of any of the identifiers.

Gift, Exchange or Sale

  • Original deed
  • Challan (Annexure 1A BRR)
  • Plot Map and Design
  • Form 4 of the Bihar Stamp Rules, 1995 under Section 4(1).
  • Form 13 under section 15 of the Bihar Tenancy Act, 1885
  • As per Section 16 of BLR Act 1961

Conclusion

Registration helps the property owner to sell and use the property as they see fit. The new owner can acquire title and rights only after completion of registration. They may need legal advice to follow the process of transfer of rights. For more information, visit the Openplot.

Also read: Difference Between Buyer and Seller: Do You Know!

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