Property Rights: Supreme Court Big decision..! Now you cannot become owner just by property registration, new rules implemented
Property: If you are thinking of buying property, do not think that you can become the owner just by registering it. The Supreme Court has given an important decision regarding property registration. Both property buyers and real estate agents are shocked by the Supreme Court’s decision
Property Right: If you are thinking of buying property, then do not think that you can become the owner just by registration. The Supreme Court has given an important decision regarding property registration. Both property buyers and real estate agents are shocked by the decision of the Supreme Court. In this decision, the court said that just registration of a property is not proof of ownership. This can stop cases of property fraud, but at the same time buyers will have to be more cautious than before. Before buying any property, check whether the entire ownership chain is legal or not. Take any decision only after seeing all the necessary documents.
What did the Supreme Court say?
This case was related to a land in Telangana. In 1982, a cooperative housing society bought this land without a registered agreement. Later the society sold this land further. Later, the people who bought this land claimed in the court that they are its owners because they have registered papers and also have possession of the land. But the Supreme Court said that if the basic sale agreement is not registered, then subsequent registration or possession cannot prove ownership.
Why is just registration not enough?
If the person from whom you have bought the property does not have the correct papers or his ownership is not legally confirmed, then even your registry will not be considered sufficient. That is, it is no longer safe to buy property relying only on registration.
The Supreme Court wants to ensure that the entire property transaction chain (ownership chain) is legal. Therefore, now other documents will also be necessary along with registration.
Documents required to prove ownership
- Sale Deed – This is the most important document for the sale of property.
- Title Deed – It clearly states who owns the property.
- Mutation Certificate – It is proof of name transfer in local records.
- Encumbrance Certificate – It shows that there is no loan or legal hassle on the property.
- Property Tax Receipt – It shows that the property owner is paying taxes.
- Possession Letter – It shows that the owner has actually taken possession of the property.
- Will or Gift Deed – If the property is inherited, then these documents are necessary.
What is the purpose of registration?
Registration creates a government record of property transactions, which increases transparency and prevents future disputes. This makes tax collection easier and these documents remain safe. This reduces the possibility of fraud.
What will be the effect of this decision?
Buyers will have to be more cautious. They should not be satisfied by just seeing the registry. Real estate agents will have to strengthen the documentation. The legal process can be long and expensive, but these decisions will make property purchase and sale transparent. It will definitely take some time and money, but can save you from big troubles in the future.
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