Mumbai offers the advantage of property enrollment on the web. To determine the true value of the property you are about to purchase, you must first determine the circle rate. However, keep in mind that you must visit the registration office in order to register your house.
It takes about a week to register the property in its entirety. The time it takes for the bank to issue a receipt and acknowledge the payment is less than a day after the payment is made.
The periodic payment that the owner of any property makes to the relevant municipal body in the area is referred to as property tax. This tax is levied on every person’s owned tangible asset and must be paid annually.
( Please note that the above information is an indicative list of typical documents. Additional state-specific documents may require to be examined. )