Property Mutation: What Is It?

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Property Mutation: What Is It?

Toavoidfuturedisputes,itisessentialtofollowthelegalprocedurewhen purchasinganimmovableassetsuchaslandoranapartment.Propertymutation, whichpermitsthechangeofownershiptitleafterthetransactionhasoccurred,is oneofthelegalprocesses.

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Allpropertytransfersrequireamutationsinceitinvolvesnotifyingthelocal authoritiesofthenewowner'slegalstatus.Afterthemutationprocedure,the propertyisregisteredinthelandrevenuedepartmentunderthenewowner'sname. Theabilitytomutateenablesthegovernmenttolevypropertytaxesandis necessaryfortheconnectionofwaterandelectricity.

When is it necessary to modify a property?

Thefollowingsituationsnecessitatepropertymutation:

 Thesaleoracquisitionofproperty

 Assetsacquiredthroughawillorasagift

 Aninheritedasset

 Anacquisitiondoneusingapowerofattorney(PoA)

Various types of mutations

Non-agricultural Land Mutation

Themutationofnon-agriculturalproperty,suchasapartments,standalonehomes, andresidentiallots,amongothers,isnotrequiredbutadvisedatanytimefollowing theregistrationoftheproperty.Therightinthesellingdeedisnotlostifamutation isnotmade.Thissuggeststhatthebuyer'stitlewillbeuntouchedandthattheywill continuetobetheproperty'sowner.Theownerwillnotbeconnectedtoelectricity andwater,andtheywillnotberesponsibleforpayingthemunicipaltaxiftheydo notmutateinthesebuildings.

Agricultural land Mutation

Ifwe'retalkingaboutagriculturalland,mutationiscrucial.Withoutmodification, thelandtitlecannotbetransferredtothenewowner.Theowner'snameandthe mutationneedtoberecordedintherevenuerecords.Thisstepisessentialbecause compensationisgiventopropertyownerslistedinthelocalauthorities'revenue recordsintheeventthatthegovernmentacquirestheirland.

Itisimportanttorememberthatamutationcertificateisnecessaryfortheresaleof apropertyeventhoughtheprocessisoptionalinthisinstance.Thesalemightbein jeopardyifit'smissing.

Mutation process

EachStatehasadifferentdocumentationprocessforchangingaproperty's ownershipandassociatedcosts.Youcanchecktoseeifanonlinemutationprocess isavailableinyourstateasotherstates,includingBiharandHaryana,havealready establishedone.Nonetheless,theownermustgoinpersontothemunicipaloffice aftercompletingtheonlineprocess.Thesearethegeneralstepsinvolvedin convertingaproperty:

Application submission

Thepurchasermustsubmitanapplicationformutationtothelocalgovernmentor taxoffice.Moreover,includetheowner'sinformationintheapplicationform, includingpersonalinformation,theaddressoftheproperty,thedateofregistration, andthetypeoftransfer(suchasagiftorasaledeed).

Payment of fees

DemandDraftmustbeusedtopaytheapplicationcost.Thecostcouldchange dependingontheState.

Including the documents

Attachtheneededpaperstotheapplicationform&demanddraughtafterthefee hasbeenpaid.Afewotherdocumentsrequiredforthemutationprocedureinclude:

 Areplicaofthesalescontract

 Affidavitandindemnitybond

 Arecenttaxbillfortheproperty

 Adeathcertificateforinheritancepurposesorawill

 Acopyofthewillorthesuccessioncertificate,ifappropriate.

Application processing

Oncetheownerhassubmittedallnecessarypaperwork,therevenueinspectorand assessingofficerwillcheckthepaperwork.Afterprocessingtheapplication,the officercouldadditionallyinspecttheproperty.Mostofthetime,afterhandlingthe request,aMutationCertificateisissued.

Aproperty'smodificationisrecordedasproofofapropertytransfer.Tomakesure thereisnofraudgoingon,itisadvisableforbuyerstolookintotheproperty's mutation.

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