The tedious procedure for registration of properties in the registrar
authority complexes is expected to be overhauled by the end of FY 2013. So far,
it usually takes two weeks for the preparation of attested documents and
getting due appointments in the registrar offices for registering ones’
property. The government is planning to digitalize this process and put in
place a steadfast method for the ease of home buyers and property occupants.
The existing system has been in operation since we attained independence
and hence is redundant to the contemporary real estate commerce. Moreover, this
registration process is attached with certain voids which render the buyer,
vulnerable to deceit and ambiguity. It has been tough for a buyer to confirm
the probity of developers and a specific property owned by them. Another
impediment for buyers is the calculation of fee for registration and paying the
stamp duties. Cashing upon the ignorance of laymen, the uncertified rotary
clerks charge excessive fee from the buyers.
Delhi urban development authority aspires to rid its’ domiciles of the
hardships by devising a safe podium where the process will be made easier and
effective.
All 13 registrar offices will be linked online where it will be an
intuitive process for the buyers to do their due diligence of the property, they
are transacting for. The online portal will have all the
information’s of fee, charges and the documents required for registering one’s’
property. The online registration will provide its clients with an appointment
date and number for the registrar‘s office. Entry of unconcerned people in
registrar’s office at the appointed dates will be strictly prohibited. Such
registration process has already been implemented in the outskirts of Delhi and
has been welcomed with an overwhelming response by all stakeholders.
One of the most prominent features of this digitization process is that
the certification will be made smooth and least cumbersome. The auditing and
verification of transaction and properties with this portal will be made
completely transparent and at click of the buyer. Practically, the services of
registrar offices will be made to knock at the doors of buyers with ease and
dependability. Another drive to rationalize the circle rates is going on in the
judicial circle where efforts are being made to prevent the generation of
illicit money being funneled into the real estate.
While digitalization facilitates
buyers in the process of registration, it also empowers the developers and
housing authorities against the miscreant defaulters. With all the transactions
being recorded, a watchdog will be capacitated to keep check on payments and
dues in the registration process. These judicious endeavors by Delhi government
will surly control fraudulent practices in real estate sector while making the
system more streamlined and legitimate.
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