How To Combine Feng Shui And Vastu To Improve Flow Of Energies

We experience different kinds of invisible energies and wish to surround ourselves with positive ones, hoping they would bring tremendous improvements in our lives. Nowadays, the ancient principles of Feng Shui and Vastu Shastra are being widely adopted by homeowners and growing in popularity to achieve the same. Originated in two different countries centuries apart, the two theories revolve around harmonising the environment through modifications in aspects of house design, construction, décor, etc. It is also possible to apply both the concepts together in your house for combined benefits.

However, the two philosophical systems slightly differ from each other with regards to the prescribed five elements. According to Vastu, the elements are earth, water, fire, air and space while Feng Shui regards metal and wood among the five major elements along with earth, water and fire. While the Chinese system of Feng Shui is more applicable for existing spaces, Vastu concepts can be applied before, during and after the construction of a building.

MakaanIQ lists ways you can attract the goodness of Vastu Shastra and Feng Shui:

The centre

According to Feng Shui, the centre is called the heart of the home, also considered the yin-yang point from where all other bagua energies originate. Similarly, Vastu lays importance on the Brahma Sthala or central point of the house. It says that the area needs to be kept clutter free to evoke pleasant vibrations.

Also Read: Vastu For The Centre Of The House

The greens

Lush green plants symbolise life and growth and bring charm to any empty space. Adding greenery inside the house stimulates Chi forces, according to Feng Shui. Plants with sharp leaves add more Yang while round-leafy plants bring more Yin qualities inside the house. In Vastu, too, keeping certain plants such as tulsi or bamboo is considered auspicious for the house. Both the philosophies count thorny plants such as Cacti, sources of negative energies. The east corner of the living room is known to be ideal for green plants to boost good health and vitality.

Also Read: Have Indoor Plants? Follow These Vastu Tips

The colours

Feng Shui strongly encourages the use of cool colours for increasing the Yin in the house. Thus, it recommends use of earthy tones such as blues, peach, greens and browns for certain areas. The sacred Chinese system also emphasises on enhancing the chi energy through varied design and interior décor for the house. Vastu experts advise use of certain colours in certain directions. And all directions are represented by different planets. For instance, the moon represents the white colour, and could be used for adoring the north-west walls; blue should be used in the west corners as it is represented by Saturn.

Also Read: Tips To Choose Vastu-Compliant Colours For Bedroom

The water

Aquariums or fish tanks are excellent stress-busting décor products which can lower blood pressure and anxiety levels. Keeping an aquarium of good and healthy fish in the house can nullify some Vastu defects. Presence of fish aquariums can overthrow evil forces and will rectify defects that cause finance-related issues. The predominant element in aquariums is water and fish. According to Feng Shui, the rapid movement of fish increases the active Chi energy leading to improved health, happiness and wealth in the family. It is believed that feeding fish regularly can build our good karma. Placing an aquarium in Vastu recommended directions of the north or the east can drive out the negative energies from your home. It is would be interesting to note that Feng Shui and Vastu warn against keeping décor pieces with water features in the bedroom.

No I-T Scanner On Deposits Of Up To Rs 2.5 Lakh By Housewives After Demonetization, Rules ITAT

Cash deposits of up to Rs 2.5 lakh by housewives after demonetisation will not come under income tax scrutiny, the Income Tax Appellate Tribunal (ITAT) has ruled.  

The ITAT ruling allows relief to those housewives, who were forced to deposit their personal savings in bank accounts in the aftermath of Prime Minister Narendra Modi’s government’s move to render high-value currency notes of Rs 500 and Rs 10,00 invalid on November 8, 2016 though demonetisation.

The order by the Agra bench of the tax appellate tribunal comes on a plea filed by one Uma Agarwal, who had declared her total income of nearly Rs 1.31 lakh in her income tax return filed for FY17. After demonetisation, Agarwal deposited over Rs 2.11 lakh cash in her account.

When asked to explain the deposit, Agarwal told the commissioner of income tax (appeals) that it was the savings she created using the money she received from her husband, son and relatives.  Her explanation was rejected by the CIT (Appeals) and it directed the assessing officer’s order to treat the deposit as “unexplained money”. Following this, Agarwal moved the ITAT to challenge the CIT (Appeals) order.

While stating that housewives’ contribution in families is “immeasurable”, the bench said: “We are of the opinion that the amount deposited by the assessee during the demonetisation cannot be treated as income of the assessee. Hence the appeal of the assessee is allowed.”

While exempting women, who deposited less than Rs 2.50 lakh during the demonetisation period, the ITAT said that its decision might be treated as a precedent in respect to the proceedings arising out of the cash deposits of up to Rs 2.5 lakh made by the housewives after the note ban.

“Women all over the country, had been accumulating cash that they had saved for themselves from household budgets, by haggling with vegetable sellers, tailors, grocers and assorted traders… (this happened after) years of stashing in whatever little cash gifts they received from relatives during festival times and years of tucking away the change they found in the pants that they washed every day. Suddenly they were left with no option but to deposit the amount in the denomination of Rs 500 and Rs 1,000 notes in the banks on account of the Demonetisation scheme 2016, (as) these notes were no more legal tenders,” the tribunal observed

The ITAT also quoted an order by the Supreme Court, in which the apex court noted that nearly 159.85 million women mentioned ‘household work’ as their main occupation as compared to only 5.79 million men, according to Census 2011.


Modi’s Demonetisation Move Has Left Indian Housewives ‘Heartbroken’

“You must already be feeling like a millionaire, no?” Tania quipped with a hint of sarcasm in her voice as she spoke to her mother, Sunaina. This dig was about the Narendra Modi government’s recent move to demonetise Rs 500 and Rs 1,000 notes.

Tania Mehra, 24, usually argued with her mother over politics. The two often got into heated arguments over it, and had agreed to disagree on everything political.

So, when Prime Minister Narendra Modi on November 8 announced scrapping of Rs 500 and Rs 1000 currency notes, the daughter knew she had a great opportunity to ruffle up her homemaker mother.

Sunaina, 57, is on-the-whole quite happy with the state of affairs of the country ever since Narendra Modi came to power. Not one to abandon her beliefs so quickly, Sunaina argued in favour of demonetisation. She said it will increase transparency in cash deals and bring down black money. However, the move had left Sunaina worried too. 

Like most financially prudent housewives, she has some ‘loose cash’ that she has saved over a period of time. The outcome of several years of haggling with sabziwallahs, the local baniya, and autowallahs – in short, everyone from whom she was able to extract a good bargain – the little kitty of her savings is her prized asset. At home, she always preferred cash to clichéd gifts from her husband on festivals. This Karva Chauth, for example, when she kept a fast for the long life and well-being of her husband, Mayank Mehra, she secured a neat Rs 20,000 as a gift. Besides, over the years, she received and set aside many small sums of cash from her husband, as and when “required”.

With years of financial planning and perseverance, her stash of cash has grown steadily. She has always been secretly proud of her ability to save. It is a handy ‘investment’ to fall back on whenever she needs a bit of extra cash, but suddenly it has all been rendered useless. 

Interestingly, none of her family members know the quantum of her prized savings. With a heavy heart, she will now have to make disclosures about her fortune. She feels quite embarrassed as she looks back: She had desisted from pitching in when her husband was buying a second home five years ago. If she had contributed, Mayank Mehra would not have had to apply for a loan. But she had other plans; she wanted to use it for her daughter’s wedding.

But now, she would either have to stand in long queues, deposit the money in a bank account, and attract the attention of the taxman, or just let it all turn into worthless pieces of paper. As she tries to make up her mind, she remembers her PM’s appeal: “It is for the larger good of the country. It will cause some hardship to you … Let us ignore these hardships … In (the) country’s history, there comes a moment when people want to participate in nation-building and reconstruction. Very few such moments come in life.” This thought, however, does not seem to fully eliminate the pangs – both emotional and financial – but Sunaina is coming to terms with it.

She is not alone. In the aftermath of the demonetisation move, housewives across India are facing a similar predicament. They are all busy counting their own personal wealth before they make a disclosure – first to their respective families and then to the government.

Dr Renu Gupta (name changed on request), a psychologist at a government hospital in Delhi, says: “Modi’s announcement could be a cause for broken hearts in many households (chuckles). Housewives generally keep their savings hidden even from their husbands. The insecurity of not being a working woman can be quite underwhelming. This is their way to keep themselves financially secure and independent.”

The term ‘Desperate Housewives’ has taken on a new meaning in India, thanks to PM Modi. 

Also Read: How Demonetisation Will Cure Realty Of Many Ailments In Long Term

Importance Of Non-Encumbrance Certificate

Have you asked the seller about the encumbrance certificate for the property you plan to buy? When you invest in real estate, it is important to ascertain that the property you plan to buy does not have any pending monetary dues. To ensure this and have a clear property title, you must obtain a non-encumbrance certificate from the office of the Sub-Registrar of your city.

Why you should have non-encumbrance certificate

The bank will ask the buyer for a non-encumbrance certificate before granting a home loan for the property or issuing loan for the property purchase. If you sell this property in future, the new buyer will also demand this document.

What does encumbrance certificate specify?

The encumbrance certificate lists all the transactions related to a particular property over a specified period of time. A non-encumbrance certificate generally lists 12 years of the property history; you may ask for older details, too.

How to get a non-encumbrance certificate?

Here is a step-by-step process to get the encumbrance certificate:

  • You have to fill a prescribed form to apply for a non-encumbrance certificate from your city’s tehsildar office.
  • A non-judicial stamp of Rs 2 has to be affixed on the application form.
  • An attested copy of your address, along with an application stating why you require the certificate, has to be submitted with the form.
  • You have to ensure all the details of the property are accurate. These include the survey number, the location, and other such particulars.
  • Depending on the period for which you want the non-encumbrance certificate, the authority may charge you differently. The certificate is issued in your regional language, and if you want the language to be English, you have to pay additional charges.
  • The certificate is issued from the period starting April 1 of the starting year to March 31 of the ending year. For instance, if you apply for a certificate on April 15, 2016, for a duration of 20 years, the certificate will have a timeline from April 1, 1996 to March 31, 2016.
  • The application has to be submitted to the Sub-Registrar’s Office.
  • You will receive the non-encumbrance certificate within 20-30 days.

With inputs from Anshul Agarwal

How To Get Your Share In Ancestral Property?

The Delhi High Court had ruled that an adult son had no legal right to stay in his parents’ self-acquired property. “Where the house is self-acquired by the parents, the son… can live only at the mercy of his parents up to the time they allow it,” said the order.

Under the Hindu law, there are two types of properties: ancestral property and self-acquired property. An ancestral or coparcenary property is one which you inherit from your forefathers, up to four generations. Prior to the 2005 amendment in the Hindu Succession Act, only male members of the family were coparceners but later daughters, too, were entitled to get a share.  The right to a share in such a property accrues by birth itself, unlike other forms of inheritance, where legacy opens upon the death of the owner.

On the contrary, a self-acquired property is any property which is bought by an individual from his own resources or any property he acquired as a part of the division of any ancestral/coparcenary property. This also includes the property obtained through a legal heir or by any testamentary document such as Will or a gift deed.

Can you sell your ancestral property?

The Hindu law states that if you are the head of a Hindu undivided family, you have the powers to manage the family assets under the law. However, this does not give you the absolute, independent and individual ownership of the property because each coparcener has a share, right, title and interest in the property.

However, under some rare circumstances, such as during the time of family distress (legal necessity), or for the sake and the benefit of the family or to carry out some religious work, the common property can be disposed of.

Can you sell your ancestral property as a coparcener?

A coparcener can sell his interest in an ancestral property but he would need his share in the ancestral property. He may file a suit for partition. If a buyer has bought the part of coparcener’s share in the property, he cannot compel him to file the suit. In normal circumstances, the head of the family decides when to dispose of the share to all the coparceners.

The legal remedy

If you have been denied a share in your ancestral property, you can send a legal notice to the erring party. You can also file a suit for partition in the civil court, claiming your share. To ensure that the properties are not sold when the matter is sub-judice, you may seek injunction from the court in the same suit. In case, the property has been sold without your consent, add the buyer as the party in the suit and claim your share in the property.

Broker’s Corner: 4 Inbound Marketing Techniques You Must Know Of

No one likes to receive a sales call. Still, there are thousands of brokers who follow the conventional cold-calling as a daily routine to keep the ball rolling. Though the success ratio always remains questionable, as brokers have become habitual to this marketing tactic.  

With the Telecom Regulatory Authority of India (TRAI) enforcing a National Do Not Call (NDNC) Registry, brokers need to ensure that their cold-calling tactic does not put their number on the block-list.

Cold-calling is anyway a laborious process. You call hundreds of people and hardly a handful may turn out to be leads and even fewer become your clients. Isn’t that a waste of time, energy and money?

With digitalisation and advent of mobile applications, people can easily identify a spam number and block it instantly. Technology is fast changing the way brokers try to find leads from a tele-calling database, is not productive anymore.  

MakaaniQ talks about four inbound marketing tactics that score above cold calling and produce great results for your brokerage business.

What is inbound marketing?

As the name suggests, inbound marketing is all about generating qualified leads who contact you rather than you contacting them. The chances of conversion, in this case, are much higher as a person will contact you only when there is a genuine need to buy property.

These are the people who have passed through a funnel and are aware of your service offerings and capabilities. Now the biggest question is how to master inbound marketing? Read on to know the answers.

Property listings

If you are not present prominently on property listing websites, you are losing big opportunities. In fact, you are letting your competition take up those opportunities.  Property listing sites are a huge network of content, design and technology. They enjoy high brand visibility in the market and most property buyers tend to use their services, which are generally free of cost.

If you are part of these websites, your probability of appearing in front of prospective buyers is immensely high. Buyers can contact you directly and then you can take the process forward.

Email campaigns

You can develop a database of email IDs of people who have interest in buying property and then do an email blast through mass mail automation systems such as Mailchimp, SendinBlue, YMLP, etc.

However, for this purpose, you will have to work diligently to collect email IDs of relevant people otherwise you will face high rates of people opting out of your emailers. You can develop a database by putting email IDs collected through inquiries generated through property listing websites, your own company website, direct outdoor marketing or social media campaign.

SMS campaigns

This is yet another way to reach out to masses through passive mode. Although it is again a non-solicited method of contacting people.

Social media

Sharing high-quality information about properties available with you through social media platforms such as Facebook, LinkedIn, YouTube, etc. can help generate inbound leads.

The success of all the above inbound marketing tactics rely on the way you present information. No matter how much effort and resources you put into these modes, if the content is not relevant for the targeted audience, they won’t respond to you.

At the same time, once you develop the right mix of content and presentation, these platforms bring in tremendous rewards. Last but not the least; it is the game of consistency and patience.   

Want To Cancel A Flat Booking? Read This

There are a variety of reasons, because of which homebuyers proceed to cancel after booking flat with his builder. In many cases, this buyer starts having second thoughts about his choice. The buyer’s plans of going ahead with the purchase might also be changed because of sudden changes in his financial position (loss of employment, for instance). The buyer may also want to back out because he finds out problems with the project or the developer. Now, whatever your reason be for cancelling your property purchase plans, here are certain points you must take note of, if you are in such a situation.

The builder is liable to pay you the entire amount if the agreement is not registered

Legally, the developer cannot deduct any money out of the advance payment you have made for the booking till the time a builder-buyer agreement is made and registered with the sub-registrar.

Sample this.

A has given Rs 3 lakh as booking amount for a flat worth Rs 1 crore to B. In case A changes his plans and goes for cancellation, B will have to return him the entire amount.

At this juncture, it is important to note that a builder-buyer agreement is not created until the buyer pays at least 10 per cent of the property value. After that amount is paid and the agreement gets registered, the cancellation gets costly for the buyer.

In case the builder refuses to give back the booking amount

The buyer will have to move the state real estate regulatory authority or the consumer forum to seek relief, in case the developer refuses to pay the booking amount.

The builder will forfeit the entire booking amount if the agreement is registered

In a scenario where the agreement is registered, the builder gains the legal position to forfeit the entire amount. Things to that effect are also mentioned in the builder-buyer agreement. The buyer would lose more than the outstanding money, which might include registration charges and taxes.

While you are at it

Under the provisions of the Real Estate (Regulation & Development) Act, 2016, a buyer does not attain the position of an “allottee” till the time a builder-buyer agreement is registered, and hence enjoys only limited rights. This is why the process to get the refund would get complicated, if due diligence is not shown by the buyer while he is out to book a property.

For instance, it would be a grave mistake to make any payments, no matter how small, without having it documented. Ask the builder to give you a signed receipt for the booking advance. It is also strictly advised that all payments be made to the builder through online channels so that there is a record of the transaction.

What happens to the excess amount? 

When a buyer books and flat and then eventually cancels it, but benefits by receiving a higher amount than he initially paid from the builder, the extra money will be treated as capital gains in the tax parlance. This was laid by the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT). The tribunal also made it clear that the excess income thus earned will not be treated as long term capitals gains and be treated as a tax-free income, unless the holding period conditions and other conditions are satisfied.

Trying To Sell A Property For Long? 3 Questions You Should Ask Yourself

There are times when a property does not get a buyer even in a seller’s market. This becomes even more worrisome when the property owners tend to ignore the reasons and keep losing time and the associated costs.

Well, there could be many reasons why a specific property does not sell within an average span of the transaction in a given locality. Let’s take a look at some of the major ones and discuss how you can keep them at bay.

How is it marketed?

The English idiom, “don’t judge a book by its cover” does not hold relevance when it comes to selling a property. You may have put the best property in the locality up for sale but potential homebuyers may not even notice it unless you showcase it in a way that it looks presentable and catches the eye.

The advent of online property listings sites has empowered real estate owners to advertise their properties conveniently.

The way you list your property can make or break the deal. Think from a buyer’s point of view and list what you think will interest them. Do not list the property with low-quality images and badly-written descriptions. Rather, upload well-captured photos, with a write-up that best describes the unique features of your property. This can enhance the property’s appeal by several folds.

Have you engaged brokers?

If you have listed your property with brokers, then you have to take care of several other aspects. Most times, property owners tend to engage several brokers, in order to raise the probability of the sale. However, it doesn’t always help.

In the property market, buyers look for credible people. Engaging a broker, that has a low credibility score, can rather hurt the prospects of the property. Therefore, you must perform a thorough due diligence before hiring any broker to sell a property.

Moreover, brokers also feature the property listing on online sites, ensure that the listing is done in the desired way.

What’s the logic behind pricing?

This is the most crucial aspect of your property selling efforts. It is still easier to set a price for under-construction or newly-built properties taking a cue from the surrounding ones. However, selling an older property in the resale market is a different ballgame.

Too many owners tend to set the price based on what they believe is the right price for their property. Experts suggest that one should factor-in prices of the sold properties not the active ones.

Consider this. Properties similar to that of yours may be sold at Rs 50-55 lakh in the same locality but other property owners might be starting with a price tag of Rs 60-65 lakh.

It is recommended to be realistic. If you want to sell your property faster, price it near the real threshold. You will save tremendous time and related costs with this approach.

No need to keep a Rs 50-lakh property staying on the market for long and losing interest cost, unless you have a strong reason that can get you far better returns.

Buying Property Online? Take Note

Who would be foolish enough not to make the most of the opportunity that the information technology revolution has presented in front of us? Buying your household items is just a click away, and so is buying a home. In fact, data prove that prospective homebuyers are more inclined to use the online platforms to complete the process. Gone are the days when everything had to be done physically. Why should you take a day off from work just to pay site visits? There are virtual tours. Why should you sit with an advisor when you can compare properties and their prices using online tools?  To cut a long story short, more and more buyers across India’s major cities are finalising their property purchases using the internet. Great as the medium is, due care must be employed while you are trying to book a property online.

Here are some areas that need your special attention:

  • The asset you are trying to purchase, mind you, is one of the costliest assets you are going to purchase in your lifetime. May we suggest that only reputed platforms be trusted to carry out the business. After you zero in on a couple of properties, we also suggest that you go for a physical inspection of the property. This would leave no scope for you facing any disappointment in future. This is especially true in case of investments by non-residents.
  • Do not get carried away if an online advisor or an online portal is offering grand discounts on property purchases. There are two things that have to be considered before you start clicking to bag a grand deal? Can you trust the brand that is offering this discount? And, does the deal on offer actually meet your personal requirements? Only if the answers to both your questions are affirmative, go ahead with the deal. Also, it must be considered that offering heavy discounts is a marketing strategy to sell off projects faster. Do not forget to make sure that everything is alright with the project.
  • The online medium can be a great tool to complete the purchase, but you also need to have the physical possession of property-related papers. Homebuyers cannot afford any carelessness in this regard. Complete this process with utmost diligence. This rule also applies when you are trying to find out the details of the project. Do ask your developer to present the physical papers related to the property sale.

 Also Read: 10 Things You Should Know About Stamp Duty On Property Purchase

In Focus: Godrej Exquisite By Godrej Properties

Time and again Godrej proves its prowess in the real estate industry with its brilliant residential projects in the top cities. Its new venture named Godrej Exquisite is raging a storm of popularity. The modern home seekers are willing to seek these properties to enjoy a comfortable lifestyle in the best location in Thane, Mumbai. Let us check why this project is becoming a hot cake in the city.

Godrej Exquisite: Complex and Apartments

Godrej Exquisite is all set to raise the bar of standards very high for the competitors. It is being constructed on an area of 3.61 acres. There are three towers offering luxurious residential units that will come with brilliant amenities. The project developer has planned to provide 2 BHK and 3 BHK variants. The 2 BHK apartments will offer a floor space ranging from 655 to 724 square feet. The 3 BHK variants will offer an area of 922 square feet. Every tower will have 37 floors.

The residential towers will cover only 25% of the allotted area. The rest of the area will be converted into a designer landscape with green gardens and big trees. There are a total of 555 residential units available for possession by the end of September 2024. All these units will come with industry-standard features.

Godrej Exquisite: Specifications

You will be fascinated to know that the residences will not be attached to each other. Due to the absence of common walls, these apartments will offer a 270-degree view. The brilliance of Yeoor Hills can be seen from all the apartments in these buildings.

These spacious apartments will come with exclusive luxurious features. The external walls will come with weatherproof emulsion paint. The internal walls will be made ready for any kind of customizable painting schemes.

The doors will have heavy wooden frames. The windows will come with anodized aluminum sliding frames. The balconies, bathrooms, and kitchen will have antiskid ceramic tiles. The bedrooms, living room, and dining space will come with vitrified tiles on the floor.

The kitchen will have a granite countertop and a stainless steel sink. It will also come with the electrical provisions for installing kitchen appliances. The bathrooms will have high-standard faucets and fixtures from the top brands. The standard of Godrej Properties will be clearly visible in these apartments.

Godrej Exquisite: Amenities

Every residential tower will have a separate list of amenities. In fact, it will prepare a strong foundation of community in every tower. The Sky Lounge on every rooftop will offer a brilliant space to hang out with friends, neighbors, and family members.

Every residential unit will come with a dedicated car parking space for owners and guests. The entire project will be under security and CCTV surveillance throughout the day. Apart from these amenities, the residents will find a swimming pool, indoor gaming rooms, community halls, Jacuzzi, etc. The rest of the area will be transformed into landscaped gardens, jogging tracks, sitting areas, and various other recreational amenities. As we can see, the developer has planned an excellent environment to live and enjoy every day.

Godrej Exquisite: Location

Ghodbunder Road is an arterial road that connects the Eastern Express Highway at Majiwada and the Western Express Highway at Ghodbunder. Choosing this location to find a new home is a smart decision. The prime localities it connects are Kavesar, Kasarvadavali, Brahmand, Hiranandani Estate, Patlipada, Majiwada, and Manpada. This area is served by different public bus transport services at a high frequency.

Thane Railway Station connects this location with the Mumbai Suburban Railway network. It will become a lot easier for professionals to connect with their workplaces. The family members will also find everything at an arm’s distance.

The top schools are D.A.V. Public School, Orchids – The International School, and C.P. Goenka International School. The leading hospitals here are Currae Specialty Hospital, Vedant Hospital, and Jupiter Hospital. All daily requirements can be quenched in R Mall, Viviana Mall, and Korum Mall.

Needless to say, this locality is ideal for investing in a new home to avail of such metropolitan facilities. The closest employment hubs are Wagle Industrial Estate, Kolshet Industrial Area, LODHA iThink Techno Campus, and G Corp Tech Park. It will become a lot easier to find conveyance and to carry on with your daily life at this address.  

All You Should Know About Property Mutation       

Mutation of a property, also referred as Dakhil Kharij in Hindi, is the transfer or change of ownership title from one person to another in the revenue records of the local municipal authority.

However, buyers must be mindful of the fact that mutation entries do not confer property title on a person. This has been reiterated by India’s top court on several occasions. While refusing to entertain a plea of the Bruhat Bengaluru Mahanagara Palike in January 2021, the Supreme Court confirmed that an owner cannot rely solely on mutation entries, to prove his ownership over an asset. They will have to do so independently, as well. The top court also observed that mutation entries of revenue records did not create or extinguish title over the land. Such entries, it said, did not have any presumptive value on the title of such land. 


MakaanIQ tells you why this is important:

What is property mutation?

A change in ownership may be inevitable in cases involving inheritance, property will, sale-purchase, death of the current owner, or through any government settlement. The local municipal body of any city or district, through its revenue department, is responsible for maintaining a comprehensive record of property ownership and transfers. It enables the authority to fix property tax payment liabilities and issues proper tax documents. Filing for mutation of a property is a crucial process during property buying. This is important so that all the receipts for property tax and utility bills are generated in the name of the new buyer instead of the previous owner.

Property mutation is not a one-time responsibility. It is crucial to regularly track the details regarding mutation and update the papers from time to time. This will safeguard your property records from any frauds.

How to apply for property mutation?

Before applying for mutation of a property, it is important to have the necessary documentation in place. The documents may vary from state to state. Request for the change in official records is done through an application form with court fee stamp (a fee of Rs 3 in Delhi). The form must be duly filled, signed and submitted with the Commissioner of the Revenue Department. In addition, the following documents should be furnished:

  • The latest receipt of property tax payment
  • The attested copy of sale deed
  • The no-objection certificate from the housing society
  • An indemnity bond on stamp paper of requisite value (Rs 100 in Delhi)
  • An affidavit on stamp paper of requisite value (Rs 10 in Delhi), attested by the notary

 In the case of inherited property, the following documents must be produced:

  • A copy of will or succession certificate or death certificate of the owner
  • An indemnity bond on stamp paper of requisite value (Rs 100 in Delhi)
  • An affidavit on stamp paper of requisite value (Rs 10 in Delhi), attested by the notary
  • The latest receipt of property tax payment

In property purchase through a registered power of attorney, the following documents must be produced:

  • A copy of Power of Attorney papers
  • A copy of the will
  • Receipt of payment registered with a sub-registrar
  • An indemnity bond on stamp paper of requisite value (Rs 100 in Delhi)
  • An affidavit on stamp paper of requisite value (Rs 10 in Delhi), attested by the notary
  • Latest receipt of property tax payment

The application is then verified, and the process is initiated and completed within 15 to 30 days.

Some facts about property mutation

Types of mutation: There are two types of mutation namely Mutation of Agricultural lands and Mutation of Non-Agricultural Lands which include apartments, residential plots, godowns, etc. The mutation for the former is mandatory without which land title cannot be passed to the new owner. It is not legally binding in the latter case but should be done to protect ownership rights and avoid hassles while selling your asset.

Online process: Many municipal corporations are now moving towards digitalising all existing land records including the process of mutation. In fact, Andhra Pradesh plans to integrate the Registration and Revenue departments which will facilitate the automatic update of revenue records (mutation) as soon as property registration is done.

Charges: Property mutation charges may differ from state to state.

Penalty: There is a minimal penalty of Rs 25 if the mutation of the property is not done.