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fpx051708-36Property Registration

Property buying in Hyderabad  is one of the good long-term investment option. When buying or selling a property it is compulsory to register. It ensures legal transfer and ownership of property. Registration act as a proof for transaction and registration is done after execution of agreement.

What is Land/Property Registration and Why is it Necessary?

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. This greatly reduces risk of fraud and helps solve disputes easily, in addition to creating and maintaining an up-to-date public record.

Fraudulent practices affecting Property Registration

  • Forgery of sale document, which would appear genuine to the buyer
  • Forged power of attorney and impersonation during registration
  • Double sale of property by concealing authentic  facts
  • Multiple mortgaging of a single registered property by producing fake property documents
  • Selling plots on an installment basis to buyers, but registering the same property to another person who makes a one-time payment