Source: ETRealty ( )

“Preliminary work on the new system has been done. It will be rolled out in the next two months following a trial,” a senior official at the registrar’s office said.

Once the new facility becomes functional, it will not only reduce leg work for flat buyers and builders, but will also help decongest sub-registrar offices which are swamped on most days.

“Everybody has to visit the sub-registrar’s office for property registration, but once the e-registration facility is introduced, a builder and flat buyer will be able to register a sale deed without having to visit a sub-registrar’s office,” the official said.

This facility will not be applicable to individual property sellers. “They have been left out to avoid impersonation and cheating,” the official said.

As per the new system, a base price for a building project will be fixed. Any flat sold in that particular complex will be above the base price. Buyers will accordingly have to pay stamp duty and registration fees online.

“A builder or lawyer who is authorised by the registrar’s office will be responsible for capturing biometrics with proper security features, executing sale deeds, and submitting them to us online. The sub-registrar concerned will endorse these with a digital signature,” the official explained.

The present system is largely time-consuming and requires individual appointments with the builder and flat buyer for each transaction at the sub-registrar’s office. The new facility is therefore likely to be convenient for housing projects with 100 or more apartments.

“Once it is implemented, fewer people will visit the sub-registrar’s office. A considerable volume of work currently comprises registration of sale deeds for new apartments or building projects,” the official said.