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Is it true higher property value results in higher property registration fee? I am planning to buy a property but confused with the news. Please throw some light on this.

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Land or Property Registration refers to the registration to document changes in ownership and transactions involving immovable property. Whenever you buy a piece of land/immovable property, you need to register the same with the authority concerned, so that a legal ownership title is guaranteed to you. Registration charges will correspondingly move up if property value increases. Under the computerized Land and Property Registration system, registration is easy. It facilitates transparency in valuation and eliminates middlemen. Some states require an application to be submitted to the concerned authority, which may be the Sub-Registrar or the SDM of your area.
Abhilasha


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