Property Card Name Transfer (7/12)
As of my last update in September 2021, property card name transfer in India typically involves the process of transferring the ownership of a property from one individual to another. This transfer is essential when there is a change in ownership due to sale, gift, inheritance, or any other legal reason.
Here are the general steps involved in the property card name transfer process in India:
1. **Sale Agreement or Gift Deed**: If the transfer is due to a sale or gift, a sale agreement or gift deed must be executed between the transferor (current owner) and the transferee (new owner). This document will specify the terms and conditions of the transfer.
2. **Stamp Duty and Registration**: The sale agreement or gift deed must be appropriately stamped, and the transfer must be registered at the Sub-Registrar Office in the jurisdiction where the property is located. Stamp duty charges vary from state to state.
3. **No Objection Certificate (NOC)**: Some states may require a No Objection Certificate from the respective housing society or relevant authority to confirm there are no outstanding dues or legal issues associated with the property.
4. **Application for Name Transfer**: The transferee needs to submit an application for the name transfer along with the necessary documents to the local municipal corporation or municipal council. The required documents may include the sale agreement or gift deed, NOC (if applicable), identity proofs of both parties, property tax receipts, and any other relevant documents.
5. **Verification and Approval**: The municipal authorities will verify the documents and conduct a site inspection, if necessary. If everything is found to be in order, they will approve the name transfer.
6. **Payment of Transfer Fees**: The transferee may be required to pay a nominal transfer fee for the name change.
7. **Updating Property Card**: After approval, the property card will be updated with the new owner's name.
It is important to note that the specific process may vary slightly from state to state in India, as real estate is a state subject. Therefore, it is recommended to consult with a local lawyer or property consultant to understand the exact procedures and requirements applicable to the particular state where the property is located.
Since the information may have changed or evolved after my last update, I advise you to verify this information with the relevant authorities or consult legal experts to get the most recent and accurate details on the property card name transfer process in India.