Highlights of the Post:
Documents for property registration in Karachi
Procedure for property registration
Property registration cost in Karachi
Some key factors to know
Property registration in Karachi is not much of a hassle provided that you are well-aware of the jargon used at the registration office and you have all the documents in place. In this blog, we will share the procedure of registering your real estate property for property owners in the City of Lights.
As usual, this guide has been divided into different parts. First, we will list all the necessary documents that you need for the process. Afterwards, we will take a look at the detailed procedure. In the end, we will go over a few essential tips. You can jump to your desired part by using the links above.
So, without further ado, let’s get registered!
Documents Required for Property Registration in Karachi
According to the official website of Sindh Board of Revenue, if you want to get your property registered in any neighbourhood of Karachi, you should have the following documents:
- Photocopies of CNIC (both seller and buyer)
- Title document
- Passport size photographs of seller and buyer
- Tax documents including advance tax, town tax, etc.
- Mutation for all documents (Extracted from FC.M)
Furthermore, the list of below-mentioned documents are also present at the official website of the department that need to be printed on stamp paper separately:
- Conveyance Deed
- General Power of Attorney with Sale Consideration
- General Power of Attorney
- Mortgage Deed
- Oral Gift
- Prelease Agreement of Sale
- Relinquishment Deed
- Sale Deed
You can easily download the above-mentioned documents via the official website of Sindh Board of Revenue or using the link given below:
Process of Registering Your Property in Karachi
The property registration process in Pakistan is a legal procedure that includes a sales deed. It requires the property owner and buyers to show up at the registrar office with stamping and paying charges against a sales deed.
Quite similar to property transfer, property registration is usually conducted to register the property under the buyer’s name while monetary factors might differ.
In property transfer, the prospective buyer “purchases” the property on the agreed value from a seller. Afterwards, the property transaction is registered in the registrar’s office in the presence of both seller and buyer.
The process of residential and commercial property registration differs in terms of charges, documents, and region. We have mentioned the general procedure of property registration in steps below:
- Step 1: Obtain a sales deed or No-Objection Certificate (NOC) from the property owner. It takes usually 7 days to get through this step.
- Step 2: Conduct an online title search by visiting the official website of the Sindh Board of Revenue. Once you have visited the website, select your district, tehsil and area from the drop-down list. Now, enter property number to verify property ownership in Pakistan. It will be completed within 1 day.
- Step 3: Draft an agreement of selling or purchasing using standardised templates available on the official website. We have also given the list of documents above while this step takes around 24-hours to complete.
- Step 4: Now, pay stamp duty and registration fee at the respective bank. Wait for 1 day.
- Step 5: Once you have made the payment, acquire the receipt and visit stamp office. This process takes just 1 day to complete.
- Step 6: Now, wait for the registrar to register and execute the deed. This process usually takes up to 3 days.
Note: The procedure of property registration in Karachi takes around 14 days to complete.
Cost of Property Registration in Karachi
The total cost of property registration in Karachi is PKR 342,058 including all the charges and fees.
Things You Should Know Before Registering a Property Under Your Name in Karachi
Here are a few things that you should be aware of before registering your property in Karachi:
- In disputed cases, an official order or decree from the court must be attached to all deeds
- If the rightful owner of the property has passed away, then family registration certificate (FRC) and succession certificate from the court is needed for relinquishment deed
- Bank mortgage permission is required in the cases where the house is on mortgage
- A non-objection certificate (NOC) from the bank along with two representatives are required in the cases of redemption
- For normal trust deed, a NOC from relevant deputy commissioner is required
- If the buyer or owner [of the property in question] is a foreigner, a NOC from the State Bank of Pakistan is required
- In case of an oral gift to blood relatives [such as siblings and off-springs], all the documents mentioned above are required
- For religious trust deed, a NOC from the Ministry of Foreign Affairs is required
This is where we’ll conclude our detailed guide on how to register a property in Karachi. As noted, the registration process might not be complicated, but it requires some cash investment and a bit of your time.
Meanwhile, take a look at our recent posts on vehicle ownership letter in Karachi.
For more insightful posts on Pakistan’s property market, keep browsing Jagah Online Blog. If you have any questions or suggestions, write to us at firstname.lastname@example.org.
Know someone who is looking for property registration guide? Share this post with them on WhatsApp, Facebook, or Twitter!