What Is Igr Registration?

IGR or Inspector General of Registration is the state government authority where all immovable properties need to be registered.

What does IGR mean?

In the wake of recent cases of fraudulent property transactions, the state has decided that all new properties mortgaged with banks will have to be registered with state Inspector General of Registration (IGR) as well.

What happens if IGR not done?

The non-registration of agreement / non-filing of notice of intimation may defeat the legality of the mortgage and cause injury to the interests of parties involved. Any person who fails to file such notice within the prescribed time limit shall be liable for punishment under section 89C of the Act.

Is mortgage registration mandatory?

The instrument by which the transfer is effected is called a mortgage-deed. All mortgages other than a mortgage by deposit of title deeds can be effected by a registered instrument signed by a mortgagor and attested by at least two witnesses. A mortgage by deposit of title deed does not require registration.

How do I find my property registration online?

Step 1: Visit the Registration Department portal and click on ‘online applications’. Step 2: Create your user login and generate a new token. Step 3: Select the sub-registrar office, transaction type, district, taluk and submit the information. Step 4: Enter the details about document, executant, claimant, etc.

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Why is IGR done?

If you are a property buyer in Maharashtra, you would need to register your sale deed at a government office after paying the stamp duty and registration charges. This entire process is overseen by the Inspector General of Registration and Controller of Stamps, also known as IGR Maharashtra.

What is IGR bank?

In the wake of recent cases of fraudulent property transactions,the state has decided that all new properties mortgaged with banks will have to be registered with state Inspector General of Registration (IGR) as well.

What is mod dd?

The term MOD means Memorandum of deposit of title deed or popularly also known as Mortgage deed of your property. This deed is usually executed when the bank releases money to the vendor from the loan account of its customer in installments or at the time of registration of the property.

What is intimation charge?

ur answer. Administrative fee: Some lenders split the processing fee into two parts. The one charged after the loan is sanctioned is called admin istration fee. 9) Intimation of registration fee: Intimation to the subregistrar’s office is a new process.

Why registration is mandatory?

Hence, a business with any amount of turnover or capital can be operated as a Proprietorship or Partnership or Limited Liability Partnership or Private Limited Company. However, the Companies Act 2013, does require mandatory company registration for certain Partnerships.

When should you register a property?

Any property documents require registration within four months from the date of execution (signature). If the execution of the document is outside India, then four months will be counted from the date of its receipt in India.

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How is registered mortgage done?

In simple terms, in a registered mortgage, the borrower has to make a statement on the property with the sub-registrar through a formal, written process as proof of transfer of interest to the lender as security for the loan. A registered mortgage is also known as a ‘Deed of Trust’.

What documents are required for registration of property?

Documents required for property registration are mentioned below:

  • Aadhar card.
  • Passport-size of both seller and buyer.
  • Verified copy of the original old sale deed.
  • Copy of No objection certificate under the land ceiling Act.
  • Copy of the latest property register card.
  • Copy of Municipal tax bill.

How do I download registered documents?

How to get copy of document in register office online in Karnataka?

  1. Register on Kaveri online portal.
  2. Login using credentials.
  3. Enter the required information on the portal.
  4. In the search result, view copy of registered document.
  5. Print or download the copy.

How do you register a property?

You need to present the property card to the sub-registrar, along with the original documents and proof of payment of stamp duty. Before registering the documents, the sub-registrar will verify whether adequate stamp duty has been paid for the property, as per the stamp duty ready reckoner.

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