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Is patta mandatory?
Source : The Hindu Property Plus Published On : 2009-01-03 City : Chennai

I bought a CMDA approved plot in Chennai. Its CMDA approved. I got EC & sale deed. I mortgaged the plot in SBI bank. Is patta mandatory?

            What is the consequence if I do not apply for patta? What’s the procedure if I have to get one?

Ram

            Mr. Narayanan replies: It is advisable for you to obtain a Patta. Though having the Patta is not a mandatory requirement for dealing with the property, it is a good document to have, as it basically indicates lawful possession.

            Further, it is likely to have a tope plan attached which will give the sketch and dimensions of your property.

            It is also a very vital document in proving your possession in the event any issue relating to possession arises.

Deregistration

            In a recent issue of The Hindu Property plus it was mentioned that re-registration of property was not required and a settlement deed would suffice.

            For example, if a son has a property and if he intends to change it to his parent’s name, will settlement deed will be sufficient or re-registration is required. Also I would like to know the approximate charges that are involved for registering the settlement deed. Please clarify.

 

Name withheld on request.

            Our panelist, Mr. R.L.Narayanan replies: It is not clear as to what is meant by “Re-registration”. However, once a Settlement Deed is duly executed and registered, then the same will come into effect as per the terms and conditions contained in the deed. However, this should be a valid and a legal transaction.

            There is no question of any re-registration and all records can be normally mutated on the basis of a duly and validly executed Settlement Deed.

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