E-registration fee soon for all documents

Delhi/NCR
After introducing e-stamps for payment of stamp duty, Delhi government has now decided to introduce e-registration fee for all documents, including properties. The aim is to do away with the manual payment process, which is long and tedious. The divisional commissioner’s office is preparing to sign an agreement with Stock Holding Corporation of India Limited for setting up counters at sub-registrar offices across the capital.

All sub-registrars have also been told that they cannot refuse registration of documents without giving the applicant adequate hearing. Guidelines for this have been issued and it will be publicized widely to ensure a better public interface system.

As of now, every applicant has to pay the registration fee by way of a bank draft. This draft is then submitted to the sub-registrar office where verification and processing generally takes between a week and 10 days. It is only after that the document is considered for registration.

This long drawn process will change under the e-registration fee system. A person trying to register a property, a will, or any other document will simply make online payment through Stock Holding Corporation of India or visit their counters to make the payment. In turn, they will get an e-registration receipt which they can submit with the e-stamp document to the registrar office.

Not only will this save time, but officials feel the registration will be sealed faster as the sub-registrar will just need to check the unique number of the e-registration receipt on his computer and issue the registered document. According to officials, this will not only speed up registration of properties, but in documents such as a will where stamp duty is not levied, e-registration will bring down procedural layers to zero.

Meanwhile, to ensure that sub-registrar offices give the public due time and space, the revenue department has issued a circular elaborating on the provisions under Section 69 of Indian Registration Act. This makes it clear to sub-registrars to not inconvenience people by rejecting documents without giving them adequate hearing. “We find that, at times, the sub-registrar offices reject documents as they do not meet the parameters. Now, through this circular, sub-registrars will have to ensure that an applicant must be educated about the gaps and reasons for rejection and can return with requisite documents or changes,” sources said.

The guidelines have been put up prominently on the revenue department’s website and will also be publicized on boards at sub-registrar offices.

Source:http://content.magicbricks.com/industry-news/delhi-ncr-real-estate-news/e-registration-fee-soon-for-all-documents/78597.html