Buying your own home is a dream for many and a long term investment. Proper documentation of the property secures its ownership and safeguards it from unforeseen disputes. Mutation of property in Government records being one of the key documentation required immediately after the registry of the concerned property.
Here is a comprehensive guide on Mutation of Property for all the first timers.
What is Mutation of Property
In simpler terms, Mutation is the transfer of title or ownership. When a property gets sold or inherited the transfer of the same needs to be done under a local municipal office. The property records are then mutated and registered under the name of the new owner by the Land Revenue Department.
The Significance of Mutation
1. Legal Ownership:
Mutation serves as evidence of legal ownership, protecting you from potential disputes and establishing your claim as the legitimate owner.
2. Property Tax Assessment:
Municipal authorities rely on mutation records to determine the property tax liability based on the property's current ownership.
3. Inheritance and Succession:
In case of unforeseen events, such as the demise of the owner, mutation records are crucial for smooth inheritance and succession procedures.
Rules and Regulations for Mutation of Property in India
The mutation process may vary slightly from one state to another in India, but some general rules and regulations are applicable nationwide. Let's explore them:
1. Application for Mutation
After purchasing a flat, you must submit an application for a mutation to the relevant local municipal authority or revenue department. The application form is usually available online or at the local office.
2. Required Documents
The following documents are typically required to initiate the mutation process:
Sale Deed: A notarized copy of the sale deed or the registered sale agreement to establish proof of ownership.
No Objection Certificate (NOC): Some states may require a NOC from the housing society or builder to validate the property's transfer.
Proof of Identity: Copies of your Aadhar card, passport, or voter ID for identification purposes.
Proof of Address: Documents like utility bills, ration cards, or driver's licences to verify your residential address.
Property Tax Payment Receipts: Up-to-date property tax payment receipts are necessary.
Passport-size Photographs: Recent passport-sized photographs of the applicant.
3. Payment of Mutation Fees
A nominal fee is associated with the mutation process, which varies from state to state. It is essential to pay this fee along with your application.
4. Verification and Inspection
Upon submitting the application and required documents, municipal authorities conduct an on-site inspection of the property to verify its existence and details.
5. Approval and Issuance of Mutation Order
After successful verification, the municipal authorities will issue a mutation order, officially transferring the property ownership to your name.
6. Record Updation
The final step involves updating the land revenue records with the new owner's name. This completes the mutation process, and you are now the recognized legal owner of the flat. Understanding the process of mutation is crucial when buying a flat in India. It ensures legal ownership, facilitates property tax assessment, and simplifies inheritance procedures.