Offer Sell Property Without Mutation
Description
How to fill out Offer To Purchase Real Estate?
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FAQ
It is done so that the records remain up to date but mutation is actually not mandatory. Selling property without mutation is very much in vogue but some buyers do hesitate to buy such properties so that they might not get into any legal trouble at any cost.
Mutation is a process of changing/updating the title/ownership in the local land revenue/municipal records, which is essential for assessment of the new owner's tax liabilities.
If the land was sold recently and the new owner has not done the mutation in his/her name, the compensation will be denied to him. However, such is not the case with residential properties.
It is a 30-35 day process. The Tehsildar officer sends notice to both the buyer and seller. The notice asks for objections, if any, within 30 days. If no objection is received, the property is mutated after 30 days,? says Radhe Shyam, elaborating on the mutation process.
It is true that documents like registered sale deeds (a document which ensures that the sale has been executed, and the title of the property has been transferred to the buyer), land records, property tax receipts, etc serve as a proof of registration, but mutation ensures that the same is recorded with the local ...