Ah! The joy of buying a home or the pleasure of investing in a plot! How fast that joy can
turn into a nightmare given the Indian bureaucratic setup! Buying property is often a long drawn out process. But it’s a process that becomes tedious when you add in all the paperwork that you need to complete.
The property tax record is one of those legal documents that can give you sleepless nights and/or nightmares. When it comes to property documentation, Indian homebuyers might be aware of the more common sales deed or khata certificates, but changing the records in the property tax record is an important step as a property owner. Municipal authorities maintain the property tax record, and if the change in ownership is not updated here, then tax receipts would be generated in the previous owner’s names. While that might seem comforting, non-payment of taxes can lead to hefty fines and a whole host of uncomfortable situations you may not want to be associated with.
Here is the lowdown on getting your name on this all-important property tax record, especially when you are getting your property transferred from the old owner to yours.
