Friday, June 15, 2018

Parent documents mandatory for land registrations

TNN | Jun 15, 2018, 12.32 AM IST


Cleared

Chennai, June 14: Three days after mandating parent documents for registering properties, the registration department has eased the process. Now, the sub registrar offices will accept statement from banks that they were in possession of the parent documents, in case of mortgage. This apart, a written undertaking is necessary for laminated parent document that cannot be scanned for registrations. Furnishing parent document was mandated from Monday to prevent fraudulent registrations.

In a circular, the inspector general of registration said that people, whose parent documents are with the financial institutions, can furnish statement from the respective banks that financial institutions are possessing the parent documents. The statement can be considered as a document for registrations, it added. As far as registration of plots and flats are concerned, the parent document was required to facilitate registration of the first unit from the same property. "However, the parent document is must during the resale of property to another person," the circular added.

The registrations department made parent document an essential document for property registrations, wherein the document would be completely scanned by the sub registrar ahead of processing the registration. However, sources said, it caused inconvenience for the public since not all those registering their properties had the parent document, which are lying in different places including mortgaged with banks. Also scanning every document at the sub registrar office led to delay in registrations.

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