Essentials To Know About The Property Transfer
Nothing can match the thrill of buying a Home! We all take months to finalize a property, and then invest our hard-earned money and lifelong savings in buying a Home. But that’s not where your Home buying journey ends. Most of us are unaware of the post purchase paperwork that we would need to complete. Managing the countless legal paperwork which one requires to do for buying a house is a very lengthy process. One such category of legal documents is actually the property tax record. Indian Home buyers are unaware about changing the records in the property records when property changes hands. Although the Municipal authorities maintain the tax record, but if the change in ownership is not done, then tax receipts are generated in the previous owner’s name. Following are two significant aspects of property transfer process: 1. Changing Name in Property Tax document For changing the name on the property tax document, you need to submit few documents to the Commissioner of Revenue, post w