How e-registration can bring transparency in real estate market?

Q: Do you think that e-registration can bring transparency in real estate market?

khushisha, Mumbai

21st September 2015

Property Tax in Mumbai

e-registrations

e- registration of land

e-registration of property

registration of document changes in ownership

how to e-register land

e-registration procedure in urban and rural areas

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Replies (4)

Hi all,
Remember that a land owner does not exist in the eyes of the government except if the land has been registered. In order to avoid the risk of personal land being seized, it makes sense to register all the land documents online today at the respective State's online website.

Bhargav Dev, Bangalore

23rd September 2015

Comment

How to e-Register a land? Can the land registration and application form be either downloaded online or obtained from the concerned authority's office in the state?

Abhijit Thanki, Mumbai

23rd September 2015

Comment

I think, E-Registration of land or property reduces risk of fraud and helps solve disputes easily, in addition to creating and maintaining an up-to-date public record. E-registration has simplified the process for providing evidence of titles and facilitating transactions, and will go a long way in preventing the unlawful disposal of land.

Ramesk Polekar, Mumbai

21st September 2015

Comment

@Ramesk,
Land or Property Registration refers to the registration of document changes in ownership and transactions involving immovable property. The most often occurring type of disagreement in Indian real estate is land dispute. Cases range from of illegal land grabbing and illegal land sales to example of purchase of land where no actual purchase has taken place to name just a few.

Wasim Mohammad, Pune

21st September 2015

Cent percent right Washim,
The real estate market has been troubled by such issues and the current government's initiative of making easier e-registration to streamline the registration of immovable properties is a very progressive move which has been widely welcomed for its transparency and comfort of use.

Ramesk Polekar, Mumbai

21st September 2015

But this time it has provided the much needed transparency like availability of tree of ownership, reduced visits to different offices, calculation and payment of stamp duty based on stored data. E-registration also helped in rationalising broker fees and ended the need for bribes to officials

Wasim Mohammad, Pune

21st September 2015

Hi Khushisha,
The process of registering land or property documents has many loopholes, which lead to middlemen and babus taking undue advantage and shave off the common man. With the introduction of online registration or e-registration system, many of these issues in the traditional land registration process are quickly vanishing.

Jerome Fernandez, Mumbai

21st September 2015

Comment

But under the computerised Land and Property Registration system, registration is easy. Some states require an application to be submitted to the concerned authority, which may be the Sub-Registrar or the Sub-Divisional Magistrate of your area. The application form can either be downloaded online or obtained from the concerned authority's office. After due verification of details, the Deed is drawn up and the registration process is complete.

Iram Khan, Delhi-NCR

22nd September 2015