Hi All, I have a doubt. How the ownership of immovable property is acquired by a person? I mean i know by gift or through will we can get but apart from these what are the other way ?
Hi Udit, You can acquired it by inheritance of ancestral property , Through will, Acquisition by oneself such as purchase etc, through gift, trust, settlement deeds, Grant, sanad / Inam by the Government. But there are two ways of acquisition:- 1.By act of parties. Ex- Purchase, gift etc. 2.By operation of law. Ex- Inheritance, decree of Court etc.
Hi Guys, What is meant by Encumbrance Certificate & Nil Encumbrance Certificate? What is the fee for Encumbrance Certificate? Kindly share some information.
Hi Bhaumik, As per my knowledge, Encumbrance Certificate is a record showing registered transactions pertaining to a property. If mortgage, sale or any other deeds in respect of a property are registered, encumbrance certificate is issued Form No.15.
If no deeds of transactions are registered in respect of a property nil encumbrance certificate is issued in Form No.16. If Certificate is issued in this form, it means that there are no registered transactions / liabilities on the property for a given period of time unregistered transactions are not included in this certificate.
As per my knowledge, application fee Rs.5 & Rs.30 for search of first year and Rs.10 for every subsequent year. Example: To obtain Encumbrance Certificate for 13 years. Application fee Rs.5-00 plus first year Rs.30-00 plus 12 years Rs.120-00 and total Rs.155-00.
Hi Praneetha, In my point of view, it ain't necessary to do this. After the death of owner of a property his heirs, such as wife, children i.e. male and female, married or unmarried may get the Khata transferred on production of death certificate of the owner with details of property held by him to the following officers. If property is an agricultural land - Tahasildar Offices of Corporation, Municipality, Panchayat or City survey if such office exists.