Mumbai property: The Registration and Stamps Department on Wednesday decided to make information related to ownership and loan pertaining to properties available online.
Mumbai property: The Registration and Stamps Department on Wednesday decided to make information related to ownership and loan pertaining to properties available online. According to the Indian Express, this would make the investigation of title, debt and various pending legal cases about the land property, a matter of minutes. The report also states that this decision to make the information online would save a lot of time, along with the trouble for buyers, who earlier had to personally investigate the title and the ownership history to make sure that the said property had a clear title.
Anil Kawde, the Inspector General of Registration (IGR) said that the Registration and Stamp Duty Department was working to link all the bank loan details with the IGR website to make it possible for everyone to visit and find out if the concerned property had any sort of debt pending against it. Speaking to the Indian Express he said, “Similarly, most of the times the decision about the ownership of properties comes from the court. The information available with us about property registration, along with the information available with the courts and the banks, will now be provided on one platform.” Anil Kawde was also of the opinion that such a step by the Registration and Stamp Duty Department would bring a great sigh of relief for the purchasers, who under the existing system had to spend a large amount of money for the investigation of land titles and pending debts.
Earlier in April, The Hindu had reported that the department had started accepting the remittance of stamp duties, registration fee and other charges’ online. The report speaks of Visakhapatnam, where the online system had been implemented on a pilot basis. The report also said that government had given permission to the Inspector General of Registration and Stamps to put a restriction on the non-judicial use of stamp papers of Rs 100 for registration of any given document or for paying stamp duties.