REGISTRATION OF HOUSE/COMMERCIAL PROPERTY

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 March 2010 Sir,
What is the procedure to get legally Duplicate Registration?

We have a House property in our name and availed loan from a Commercial Bank, its learn t that they have misplaced the Original Registered Papers. What remedy we have?

Rasesh

Rasesh (Expert)
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17 March 2010 There is no procedure to get duplicate sale deed (registration papers). However, copy of property card which is certified by the registrar is sufficient proof of your ownership. At the time when you want to sell your house, you will have to give an advt in newspaper stating that the registration papers are lost and an indemnity to the buyer.

Querist : Anonymous

Querist : Anonymous (Querist)

18 March 2010 Is that Certified Copy is sufficient Proof of Title for other than Sale purpose? Like if anybody want to take Loan on that Property on the basis of that Certified copy?

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Rasesh

Rasesh (Expert)
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18 March 2010 The Property card will hold good even in that case. At the most, the Bank may additionally require an FIR to be filed with the Police Station and, an Affidavit. Indemnity and a newspaper advt. may also be demanded.

Querist : Anonymous

Querist : Anonymous (Querist)

19 March 2010 Now suppose that Registration Papers misplaced by a Financial Institution, what compensation we can ask ? Does we can ask an Indemnity from that Financial Institution till the Next Title change?

Rasesh

Rasesh (Expert)
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20 March 2010 Yes. You can ask the bank to provide an Indemnity and Affidavit, file an FIR. However, whether they will do ask per your request cannot be said with certainity.