The registry of property in Pakistan has immense importance because the different law and regulation authorities supervise property registration and ownership. The Property Registration Act 1908 is the fundamental legislation for the property registration process.
The registry inteqal fees vary from one province to another in Pakistan because the registry procedure can take up to a few months. However, the registration process offers the secure and transparency for the transaction of properties.
How is Property Registration in Pakistan Important for Owners?
The immovable property registry protects the owners’ rights, which has a significant role in property rights in Pakistan. Moreover, the property can be transferred easily from one owner to another at the time of sale.
The property register consists of all details which keep the property safe from the encroachers. The owners of properties can use the record for tax purposes. Therefore, the registration of properties in Pakistan has a crucial role in the property system.
Required Documents for Property Registration
- Seller’s original title deed
- Sale deed
- NOC of property
- Attorney’s power
The Board of Revenue is responsible for property registration in Pakistan. This department has provided a list of documents that have been mentioned above for the property sellers and buyers.
Difference Between Property Transfer and Registration
Property registration and transfer are two dedicated ways of getting ownership. We are going to differentiate both methods of acquiring property ownership in Pakistan.
Land Transfer in Pakistan
The process of transferring land offers the transfer of ownership from one entity to another in a smooth way. There is an actual change of possession and ownership for the specific land. You need a transfer method to inherit, gift, and sell a property.
Both buyers and sellers have to agree on the terms and conditions of property transfer in Pakistan. A sale or transfer deed is necessary to provide evidence of the property transfer after deciding upon the payment method and sale price. This deed is necessary for the legal transfer of land.
Land Registration in Pakistan
The registration of land refers to adding information about property transfer in the records of land or registry of property in Pakistan. The act registration is used as proof of ownership to secure the rights of a new owner.
The buyer has to register the property with the land registration authority after the execution of the transfer deed. Therefore, you need to visit the office of the registrar or sub registrar to submit the taxes, fees, and required documents for verification.
This process is also valid for subdivided, mortgaging, and selling properties.
Registry of Land in Pakistan
The registry of property in Pakistan is transparent through the records of land transactions and ownership. This record includes the legal disputes, survey number, owner’s name, and location. Therefore, a comprehensive land registry offers the details of land records.
The land registry is available at every district level with the presence of sub-registrar offices. You can visit the sub-registrar office of your district to buy or sell your property in the presence of all land records.
The process of property title investigation in Pakistan involves the following steps:
- The confirmation of legal ownership and rights to sell the property.
- The encumbrances are helpful resources for checking financial obligations such as liens and mortgages.
- The ending litigation or legal dispute of the land.
Involve Property Lawyers or Experts
You need to get the services of property experts or lawyers for the title investigation. These professionals have expertise and knowledge about legal problems, ownership history, and property records.
Sale Agreement and Stamp Duty
The sale agreement of land is necessary because it outlines the terms and conditions for property transactions. It includes the parties, payment terms, pierce list, and land description. Therefore, a comprehensive agreement is necessary to satisfy both the seller and buyer.
An imposed tax on the sale agreements and legal documents is known as stamp duty. The stamp duty rates vary from one province to another. Moreover, a buyer is responsible for the stamp duty, which is calculated as a percentage of the land’s value and payable to the government.
Process of Registering Property in Pakistan
The process for the property registry in Pakistan involves the submission of required documents to the office of the local sub-registrar.
The first step is to submit the application with the required documents, like the title deed and sale agreement, to initiate the property registration.
Verification and Execution of Documents:
The sub-registrar will verify the submitted documents to avoid legal issues. After the completion of verification, both seller and buyer have to sign the transfer documents in the sub-registrar’s office in the presence of witnesses.
Transfer of Ownership:
The sub-registrar will update the register of property with the details of new ownership after the paperwork of the transfer process. Therefore, the buyer will become the official owner of the property. A new registry will be released with the details of the new owner of the property.
Registry Inteqal of Land
The registry inteqal indicates the transfer of property ownership from the seller to the buyer. Moreover, a registry inteqal fee is also payable to update and verify the property records. Both ‘inteqal’ and ‘registry’ are used for the transfer of properties from one owner to another.
The registry is the process of registering property, whereas inteqal is the process of transferring property ownership. The registry fee in Punjab usually varies from Sindh. Moreover, capital value tax in Sindh is also applicable to registered properties.
How to Check a House and Plot Registry in Pakistan?
The government of Pakistan has introduced a simple online system for property registry checks. The crucial steps are mentioned below:
Visit Land Record Websites: Every province has a website that includes the land records, such as Sindh Land Record Authority (SLRA) and Punjab Land Records Authority (PLRA).
Enter Property Information: You must provide the necessary details, like the owner’s name, property number, and property location.
Property Verification: The property will be searched in the online system, and property details will be displayed.
Save and Print the Results: Now, you can print and save the results as a reference for use in the future.
You can also visit the sub-registrar office by viewing the list of sub registrar offices in Karachi and other cities for the verification of property. Therefore, you can check the registration of your property in Karachi as well as other cities easily.
Benefits of Property Registry in Pakistan
You will get the following advantages through the registry of property in Pakistan.
- Legal protection
- Market stability
- Financing and Mortgage
- Transaction Safety
The procedure for the registry of property in Pakistan is very simple for every buyer and seller. However, the registry process and fees can vary from one province to another. Pakistan registration act 1908 consists of all details for the property registry. You can also contact Makaan Solutions for property registry in Gulberg Islamabad and Capital Smart City.
Registry of Property in Pakistan
If you want to know about Registry of Property in Pakistan, contact Makaan Solutions. Our Sales Executive Officer will provide you with all the latest information. Starting from consultation to choosing the property, and from booking to owning your dream property. For further details, please do not hesitate to contact on the below-given information: