How to register property online in Bengaluru

[ecis2016.org] The Karnataka government recently launched its ‘Kaveri Online Services’ portal, for registering documents online. Here is the step-by-step guide, to register property online

The Karnataka government recently launched an online portal, to enable property owners to access property-related documents, instead of visiting the sub- registrar’s office. There are over 250 sub-registrar offices listed on the portal. Here is a step-by-step guide to registering property in Bengaluru:

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Step 1

Visit https://kaverionline.karnataka.gov.in and register as a new user.

Step 2

Login with your user id and password and click on ‘document registration’.

Step 3

Enter the details, such as date of execution of the sale deed, total number of parties and other details. Save all the information.

Step 4

Fill the details of the witnesses, buyers and sellers. The sale deed can be prepared by the executant or an advocate.

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Step 5

Select the ID proof that will be presented by the witnesses and the parties.

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Step 6

Fill in the property details, such as agricultural or non-agricultural land, residential or commercial, revenue district, registration district, nearest SRO office, etc. Also calculate the Kaveri online guidance value.

Step 7

Calculate the stamp duty, by filling in the other requisite details.

Step 8

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Upload the supporting documents in the next step. This includes the sale deed, no-objection certificate (NOC), address proof, etc.

Step 9

Choose the payment details for the consideration and enter the required details, like bank challan number, banker’s cheque number, challan date, etc.

Step 10

Book an appointment for the registration of the sale deed and visit the SRO office on the scheduled date, along with the supporting documents.

[ecis2016.org] All you need to know about Kaveri Online Services

Important things to know

• All property-related documents have to be submitted for registration of property, within a period of four months from the date of execution (signature).
• Buyers can download the encumbrance certificate online, through the Kaveri portal.
• The government recently hiked the guidance value, which is the minimum price at which a property can be registered on its sale.
• The sale deed can be prepared by the executant or an advocate.

Karnataka property registration: Latest news

Following the footsteps of the Maharashtra government, the Karnataka state government, in November 2020, also reduced the property registration fee for flats costing less than Rs 20 lakhs, from 5% to 3%. The move is expected to boost the demand for affordable housing options in the state. The new registration rate will also apply to industries buying properties (building or land). According to industry experts, the rate cut will not affect many home buyers in cities like Bengaluru, as there are hardly any property options in this price range.

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Source: https://ecis2016.org
Category: Lifestyle