Procedure of Legal Transfer of Ownership Title of Property
The title of a property depicts the ownership rights of a person. When there is a transfer of property from the original owner to another person, the ownership changes and therefore, the title of the property needs to be changed. The new owner’s name needs to be substituted for the previous owner in the records of the government. property consultant in noida | realestate consultant in noida | realestate consultant in delhi ncr With the transfer of property, bundle of rights are also transferred. The new owner gets all the entitlements and benefits in respect of the property including the right to sell, mortgage, lien, gift, etc. Therefore, for ensuring valid and legal transfer, it is most necessary to adhere to various rules in law for the transfer of property title. In India, the legal transfer of property title is surrounded by difficulties, requires proper legal document drafting, execution & registration and payment of requisite government duty to the concerned...