Is their any risk if I buy a resell flat for which Mutation has not done (but registration done)
Q: Is their any risk if I buy a resell flat for which Mutation has not done (but registration done). Is their any trouble to do the mutation in my name later after the purchase?
Mutation means transfer or change of title in the records of the local municipal body for the concerned property.By mutating a property, the new owner gets the property recorded on his name in the land revenue department and the government is able to charge property tax from the rightful owner. The documentation procedure and the fee payable vary from state to state.
Hi Amitava, Mutation is a necessary document required for changing of title ownership from one person to another when the property is sold or transferred. By mutation, the new property owner gets the property recorded on his name in the land revenue department and the government is able to charge property tax from the rightful owner. It should be taken every six months from the revenue dept. in order to check for any wrongful transaction on the property.