Post Property
9 Interesting Property Mutation Facts You Should Know
13-Apr-2022Purchasing a property (a house, a plot of land, or a piece of land) is one of the most important decisions you will ever make. Purchasing a home entails a significant financial investment and is a significant financial decision.
Due diligence is required when purchasing a home, and you must verify a number of critical property paperwork. One such significant property document is the patta, also known as mutation or Khata.
It's also worth noting that the procedural changes and all additional costs associated with the mutation procedure vary from state to state in India.
We've compiled a list of the most fascinating facts about property mutation that you should be aware of:
1)Who Can Carry Out Property Modification?
Those who purchase land or apartments, or who inherit them through a will or gift, must undergo mutation.
2)Mutation of the Land
When land is purchased, a property mutation must be obtained because the transfer of title will be incomplete without one. Although land mutation is not legally binding, they must execute it within three to six months of acquiring the property. This will enable for the updating of official documents and the avoidance of any confusion regarding new land ownership.
Read More: Should the property owner pay the security tax
3)Changes in the Apartment
After the registration is finished, new owners of flats and apartments can transfer ownership. Because mutation is a legal need that can be fulfilled at any point after the contract is signed. However, if the unit is to be sold in the future, the property mutation status for utilities such as water and power must be shown.
4)Prior Mutation Claim
It is in your best interest to verify the status of property mutations on a regular basis. This will assist you in detecting any fraudulent transactions. The mutation can take place in the case of a deceased owner by submitting a death certificate and other documentation proof. The title should also be re-entered in the revenue records if the house seller is a power of attorney holder.
5)Process of Extra Simple Mutation
The local municipal entities are in charge of all land and property records. This is where homeowners go to get their houses mutated. Many states have made online mutation possible and have robust infrastructure in place to facilitate it. However, this does not apply to new owners. They must still go to the municipality to submit the mutation application status and wait for approval.
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6)Document Submission Procedures
A land mutation certificate is a legal document that can be used in real estate transactions. The settlement monies released by the government if it purchases agricultural assets will fall under the mutation document holder. The procedure can be handed up to the local revenue officer.
Attached is a full copy of the sale deed completion mutation application form, as well as the required stamp fee.
Stamp the required amount of paper, including the affidavit and indemnity bond.
Property tax receipts that have been paid up to date
A few extra documents will be required for the mutation process in the case of inheritance or will:
Attached is a property mutation application form, stamp paper, and the requisite fee.
The deceased owner's death certificate
Affidavit and indemnity stamp paper of sufficient value
Receipts for recent tax payments
Receipts of payment from the sub-office registrar's
Those who are unfamiliar with the process of mutation will find it challenging and perplexing. You can seek legal investment advice from a professional who will assist you with the paperwork.
7)Charges Estimated
The property mutation process comes with a little charge. A small cost of Rs.25-Rs.100 would be charged by the local civic body. It will be different state wise. Only a one-time payment is required for the minimal fee.
8)Different Types of Mutations
Mutations can be divided into two categories.
1. Agricultural Lands Mutation and
2. Non-Agricultural Lands Mutation Flats, detached houses, residential plots, go downs, and other similar structures are examples.
The mutation is required in agricultural fields. The land title will not pass to the next owner without mutation. The revenue records should be updated to reflect the mutation. The name of the owner is referred to as 'Pattadhar' in the revenue records. In situations where the government acquires land, compensation is only paid to the person whose name appears in the revenue records.
The purchaser's title will remain unaltered even if the mutation does not occur. He or she will continue to be the owner of the property.
9)The Simple Step: How to Apply for a Property Change Online
Many states allow property changes to be made online. To proceed with the application, go to the official website and fill out all of the essential information, such as the district, village name, and other facts. By entering the property and personal information, you can look for past online land mutations of landholding records.
The local revenue inspector will check the documents and visit the property for inspection once all of the power-related documentation has been submitted online for property mutation. The application will only be processed after that. A copy of the mutation will be sent to the new owner 15-30 days after they apply, indicating that they have a claim to the property.
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