Read This Guide Before Going For Registry of Property in Pakistan
Property registration in Pakistan is a mandatory and legal process to be the legal owner (landlord) of constructed or raw land. The registry of property in Pakistan requires careful and legal steps to follow. It not only protects the rights of property owners but also facilitates buying and selling property in Pakistan. In this article, United Green Marketing will guide you on the critical factors involved in property registry in Pakistan. So, read the guideline to avoid fraud and register an immovable property.
Factors Involved in Property Registry
1. Legal Documentation
The initial formalities of property registration begin with arranging all necessary legal documents related to the property. These include:
- The Title Deed (Mukhtar-e-Aam)
- Ownership documents (Mukhtarnama)
- Transfer Deed (Inteqal)
Any potential property buyer or seller must ensure these documents are accurate and complete.
2. Verification of Ownership
Before you get involved in any property deal, it is essential to verify the ownership of the property to avoid any disputes or legal complications in the future. To verify the ownership information and history of the property, go to:
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- Local land Revenue Branch (Patwarkhana)
- PLRA Website (https://www.punjab-zameen.gov.pk/)
3. Bahria Town Majestic Suburb of Lahore:
The rapidly expanding housing society of Bahria Lahore offers opportunities for commercial property seekers. More affordable compared to Gulberg and DHA Defence, Bahria Town has growth to tap into Lahore’s potential without straining your budget. This thriving community is a testament to the city’s development and a haven for smart investors looking to maximize their returns on investment (ROI).
4. No Objection Certificates (NOCs):
Next, you should obtain an NOC about the location and nature of the property. You can go to the relevant town committee, municipal committee, or other land development authority. For example, if you want to buy a plot for sale in Lahore, LDA is the concerned local government body to verify the NOC status of the society or land. Or if you are buying a property located or controlled by a private housing society, then obtain necessary NOC from that society.
Steps for Property Registry
1. Title Search
A title search is the name of the claimed property seller alongside the respective property area (mauza, khasra and khatoni). Make sure the title of the property is clear and free from any legal disputes. You can conduct a title search by visiting the local land registry officer (Patwari).
2. Preparation of Documents
Now produce all supportive legal documents mentioned above. The documents are ownership records, title deeds, and transfer deeds. Be sure these documents are accurate, up-to-date, and complete.
3. Payment of Fees and Taxes
Now pay the applicable stamp duty and registration fees at the designated bank (BOP or NBP). The exact tax payables will depend on the property’s value and location.
4. Application Submission
The next step needs to submit the completed application along with the required documents, fees, and tax slips to the relevant Sub-Registrar office. The Land Record Officer will see the application, and if everything is in order, the registration process will proceed
5. Verification and Biometric Data
Latest property registry requires biometric verification and property data of the parties (buyer & seller) involved in the transaction. This step is crucial to prevent fraudulent transactions.
6. Signatures and Witnesses
This step is commonly known as (Bayan) witness of the parties involved in the property buy and sell deal. Both buyer and seller sign the property registration documents in the presence of two witnesses (gawah). The witnesses’ signatures must also be required.
7. Registration and Recordkeeping: Once all formalities are completed, the property will be registered in the new owner’s name. A legal registration certificate will be issued to the new landlord. All the property details will be updated on the official land registry.
