Property Registration Process in Chennai: A Complete Guide

Table of Contents

Why is Property Registration in Chennai significant?

Property registration is one of the significant aspects of purchasing properties like villas, plots, and apartments in Chennai. Some of the factors that make it highly important are:

• It offers a legally binding agreement confirming ownership over the property and offering the owner complete rights over it.
• It reduces the risk of any legal complications and minimizes the risk of fraudulent transactions in the future.
• Property registration ensures a title deed is done, which is a crucial document. One cannot sell a property without this document.
• It ensures legal compliance by ensuring proper assessment and payment of property taxes to avoid any unnecessary penalties.
• In the event of the demise of the owner, a smooth transfer is facilitated if the property is properly registered.
• It is easy to sell, transfer, or even buy registered properties.
• Once a property is registered, it can be used as collateral while obtaining any financial services from banks.

How To Register a Property in Chennai?

In Chennai, you may pay for stamp duty and registration fees online or offline. This is a comprehensive guide on how to pay them using both methods.

Online Property Registration Process

The Stock Holding Corporation of India Limited (SHCIL), a central record-keeping agency, offers e-stamping facilities for paying stamp duty and registration charges in Chennai. The steps involved in paying stamp duty and registration charges online are as follows:

• Visit the SHCIL official website- https://www.shcilestamp.com
• Select e-stamp services

• Choose Tamil Nadu from the drop-down menu

• Fill out the application form with all the required information
• Click on the download tab and print this form
• Take a copy of the completed form to a nearby SHCIL branch.
• Pay using different methods, such as RTGS, Cheque, Cash, NEFT, or account-to-account transfer.
• On completing the payment, receive the e-stamp certificate and the stamp duty receipt for the registration process.

Offline Property Registration Process

One must go to the sub-registrar’s office in order to pay the stamp duty and registration fees offline in Chennai. When visiting the sub-register office, one must complete the appropriate application and submit money. There are several ways to make the payment, including account-to-account transfers, demand drafts, RTGS, checks, cash, and NEFT. On completing payment, receive the stamp duty certificate to proceed with the registration process.

Document Checklist for Property Registration

Property registration in Chennai can only be done when all the necessary documents are presented. Some of the essential documents required for property registration in Chennai are:

• The Encumbrance Certificate is obtained after paying the stamp duty. This will ensure that the property is not subjected to any monetary liabilities like loans, liens, or mortgages.
• The stamp duty receipt is to make sure that it is paid in full by the buyers as levied by the government.
• Sale deed to state and ensure the transfer of property.
• PAN card along with any other identity proof issued by the government.
• Two passport-sized photographs of the buyer and the seller.
• Patta passbook with transfer application
• Construction completion certificate along with the NOC (No Objection Certificate) if required.
• Buyer and seller agreement with all the discussed terms and conditions on stamp paper.

Steps Involved in Registering a Property in Chennai

Registering a property in Chennai requires careful consideration and proper planning. Some of the important steps in registering a property in Chennai are,

Step 1: Examine the property in depth with expert guidance to know the pros and cons of the property. It is also essential to verify the documents at this stage to ensure seamless registration.

Step 2: Purchase stamp paper based on the property registration charges. Pay the stamp duty and registration fee as levied by the government. The stamp duty and registration fee can be paid in both offline and online modes.

Step 3: Draft a sale deed with the help of an expert in the field. Re-check the documents while drafting the sale deed to avoid any legal complications in the future.

Step 4: Complete property registration within 4 months of signing the sale deed. Visit the Sub-Registrar’s office to complete the deal.

Step 5: Once the property registration is done, collect the encumbrance certificate from the sub-registrar’s office. This is to make sure that the property is not bounded by any mortgages, legal disputes, or liens.

Stamp Duty and Registration Charges for Property Registration in Chennai

Stamp duty and registration charges are applicable for all kinds of property registration in Chennai. The charges are levied as listed,

Category	Stamp Duty Charges (calculated based on property’s total market value)	Registration Charges  (calculated based on property’s total market value)	Total Charge (sum of stamp duty and registration charges)
Male	7%	4%	11%
Female	7%	4%	11%
Joint Owners	7%	4%	11%

It is also essential to understand that the stamp duty and registration charges might vary based on factors like the property type, transfer type, property’s age, available amenities, location, and more.

Frequently Asked Questions

1. Is it mandatory to pay registration charges if I buy a resale property in Chennai?

Yes, it is mandatory to pay registration and stamp duty charges for resale properties, as it is mandatory for all kinds of property registration in Chennai. The registration fee to buy a resale property in Chennai is 1% of the property’s total market value.

2. Is property registration in Chennai mandatory or optional?

It is mandatory to complete property registration in Chennai while purchasing any kind of property. It offers legal validation for the property purchased.

3. Should I have a witness while registering a property in Chennai?

Yes, you must have witnesses while registering a property in Chennai. It is mandatory to have at least two witnesses to make sure that the transaction is safe and secure.

4.How long will it usually take to register a property in Chennai?

It typically takes around 15 to 20 days to complete the registration process and receive the documents. Once the documents are ready, you can collect them at the sub-registrar’s office.

5.What is the penalty for late property registration?

If there is a delay in registration after the sale deed, one must pay the penalty accordingly,

• 25% of the registration fee for a one-week extension
• 75% of the registration fee for a 1-month extension
• 100% registration fee for a 4-month extension