Karnataka’s inspector-general of registration and stamps (IGRS) is accountable for imposing and collecting stamp duty and registration costs on property transactions, much like other states. the IGRS Karnataka administration uses Kaveri Online Services, a web-based site that allows residents to submit property registrations online. The web also allows users to look for needed indexes and registered copies. The agency’s karunadu.karnataka.gov.in website is also another resource for individuals seeking extra information regarding property registering activities.
Sample deeds, such as sale, offer for sale, donation, will, licensing, lease, mortgages, trust, partnerships, exchange, power of attorney, and marriage registration forms, are available on the Karunadu website. You might also learn about the recommended threshold, stamp duty, and registration fees associated with deeds.
Kaveri Online EC Karnataka
The Department of Stamps and Registration by the Government of Karnataka established the Kaveri Online Service to arrange appointments for document registration easily. You may also look for encumbrance certificates and other registered copies using the internet. The website allows you to obtain a list of transactions for the searched property. In addition, the platform enables you to examine and verify the current owners of properties and the legality of papers that have been recorded.
You may check the stamp duty as well as registration charge in a straightforward manner using this tool. Go to the Kaveri Online portal and log in. Then, navigate “Stamp Duty and Registration Fee Calculator” under “Services for Guest User.” You will be sent to a new page where you must choose the “Nature of Document.” You should select “Stamp Rule” first from the dropdown box after selecting the document type. When you are finished, click the “Show Details” button to see the stamp duty plus registration charge for that specific document.
This service allows you to verify the value of your property. All you must do is go to the Kaveri Online portal and log in. Then, scroll to the bottom to “Guest User Services” and choose “Know Your Property Valuation.” You will be sent to an additional page where you will have to choose between basic and advanced search options. To access the property value data, select the basic search option and fill in the required data, such as district, region, taluka, and village name. To examine your property assessment, pick the district name, registering district, Sub-Registrar Office, region, taluka, and village title from the advanced search option.
This service allows you to check the marital office document. All you must do is go to the Kaveri Online portal and log in. Scroll to the bottom to “Guest User Services” and choose “Know Your Marriage Office.” You will be led to a page where you must fill in the essential fields using the down options to pick the right details. The form of marriage, bride’s home details, groom’s home info, and marriage information are necessary. To access all the information, click the “search” option.
You can use this service to find the Sub-office. Registrar’s All you must do is go to the Kaveri Online portal and log in. Scroll to the bottom to “Guest User Services” and select “Locate SRO.” You will be led to a page where you must fill in the appropriate forms using the dropdown options to pick pertinent information. You must choose a district title, a road description, a village title, and a Hobli name. To find SRO, go to “search.”
- First, log in to the site to look for Kaveri Online Portal.
- Select “Register as a New User” from the drop-down menu.
- Log in to the website after registering.
- Fill up the relevant information and look for the registered document index.
- You can have a digitally signed copy of such an encumbrance certificate emailed to you.
- Use the gateway to make the necessary payments.
- Log in to the portal after obtaining confirmation of EC processing and receive a digitally signed encumbrance certificate.
Kaveri Online Portal’s Services
For guest users,
- Calculation of registration fee and stamp duty
- Get to know the property valuation.
- Locate the marriage registration office.
- Find the SROs.
For registered users,
- Get the encumbrance certificate online.
- Available certified copies
- Booking of appointments and pre-data entry
Guideline Value of IGRS Karnataka
The value of land set by the Karnataka government based on its facility and construction activities in that location is known as the Karnataka guideline value. The lowest guideline value in Karnataka is Rs.101 per sqft, with a top of Rs.1.50 crores per sqft. The IGRS Karnataka government updates the guideline values regularly to keep them following the market value.
Agricultural, non-agriculture, residential flats, residential apartments, commercial flats, and commercial apartments are different properties in Karnataka. All of these property types in Karnataka have a guideline value. The Guideline Value assists in determining the expenses involved with property registration, including stamp duty fees, registration fees, and so on. Land value and composite value are the two types of guideline value.
Online Encumbrance Certificate
An Encumbrance Certificate, often known as the EC, is one of the most crucial papers you must apply for. An encumbrance certificate is required not only while purchasing a home but also when applying for a house loan or taking a loan against it. The Government of Karnataka’s Department of Stamps and Registration is set to implement online property registration and other services very soon. Under the banner of Kaveri Online Services, a host of services are offered online.
Citizens may now reserve slots for property registration in advance online. Encumbrance certificates (ECs) have also been made available online by the government. In addition, property buyers will be able to remotely view digitized encumbrance facts for a property since 2003.
What is the process of obtaining the EC and CC online?
All you need to do is visit the Kaveri Portal and locate the ‘Online CC’ and ‘Online EC’ tabs and click on them.
Requirement of EC
The EC, or encumbrance certificate, is amongst the important papers for validating a property’s title. According to the Encumbrance Certificate record, the property is free of any legal or monetary obligations, such as unpaid debts or mortgages. As a result, an individual obtains this document as proof of free title as well as ownership.
An encumbrance certificate is required when purchasing any land or property in India as proof of ownership title. As a result, transferring property necessitates the use of an EC. Apart from property purchases, an encumbrance certificate must be shown when asking for a loan against the property with any banks or financial organizations. It certifies that the property is free of any legal obligations.
EC is a necessary document for property mutation (Khata Registry / Khata Transfers). If the property or land tax has not been paid for more than three years, this certificate mandates that the land tax records be updated. The encumbrance certificate is required when purchasing a home or building a new one.
The following property-related information is recorded on an encumbrance certificate. The estate owner’s name appears on the certificate. The Certificate is generally for a certain period, and only transactions involving a property that is relevant to that period will be evaluated. The Encumbrance Certificate will reflect only those events and papers that have already been verified with the office.
Papers such as short-term lease deeds and the power of attorney documents are not required to be registered by law. Hence they are not documented at the sub-office. On the other hand, registrar’s Sale deeds, sale agreements, division deeds, releasing deeds, gifting deeds, settling deeds, foreclosure deeds, mortgage clearance receipts, and other transactions may be documented in the sub-office registrar’s records.
EC in Karnataka
In summary, the Encumbrance Certificate, often known as the EC, is one of the crucial papers used to confirm a property title when purchasing a home. The Encumbrance Certificate states that the property is free from any legal or financial obligations, such as unpaid bills or mortgages. This document serves as a free title and evidence of ownership.
The Karnataka government established the Kaveri Online services in November 2018 to enhance the registration procedure simpler. The paperwork, together with the application, can be posted to the website once the acquired or rented property facts have been documented.
The system will compute the property’s valuation before sending the application to the sub-registrar. The applicant can pay the necessary stamp duty and registration cost on the Internet once the application and evaluation have been authorized. To complete the paperwork, he or she might make an appointment with the Sub-Registrar. After that, you can download a scanned copy of property documents and other papers from the website. The Government of Karnataka’s Department of Stamps with Registration allows citizens to submit information and schedule appointments for document registration online and search for needed files/records and registration copies of needed papers.
Rental Agreement in Karnataka
A Leave and License Agreement (also known as a Rent Agreement) is a legal document that contains information on the property, the rent, and deposit due, as well as other terms and circumstances related to the renting transaction. Both the renter and the landlord are bound by the terms and the conditions of this rental agreement.
In Karnataka, registering a leave and license agreement for a rental duration of more than eleven months is required. If the rental time is less than or equivalent to eleven months, signing a rent agreement is unnecessary. Take into account The value of a property over a rental duration of more than 30 years is determined by the location, property area, on-site facilities, and a variety of other criteria. The stamp duty cost indicated is estimated for a mid-range 1,000 sqft property in Bengaluru’s Electronic City neighborhood.
Deeds that do not affect EC
Equitable Mortgage Deed is a type of mortgage deed used – If a property owner deposits the title deed with a bank and obtains a loan, such loans may not be reflected in the EC. Many lenders do not record such Equitable Mortgage Deeds with the appropriate sub-registrar office (banks). As a result, obtaining a loan for such houses is difficult.
- Certificate of Encumbrance from the Past – Even if you find an EC from a few days ago when confirming property records, don’t believe it. Because the current owner may sell the property to someone else in a single day, leaving you with the old EC. Hence, you must exercise extreme caution when dealing with and comprehending the significance of EC.
- Deals with privacy – Such transactions may not appear in EC if a property owner engaged in a loan agreement with another party and kept his original land papers with the lender.
In basic terms, any transaction recorded with the Sub-Registrar Office (whether it be a sale, a lien, a mortgage, a judicial attachment, or a sale to a third party) will appear on the Encumbrance Certificate. Any deals or transactions that are not documented with the Sub-Registrar Office, will not appear in EC.
Conclusion
You will be allowed to enter all buyer, seller, and asset data into the system online. E-stamping is also a feature of the system that allows you to pay stamp duty as well as registration fees. Subsequently, after arranging an internet booking slot on the Kaveri website, you will need to go to the sub-registrar’s office for biometric authentication of all the parties involved.
Also, Read IGRS Telangana
Frequently Asked Questions (FAQs) –
Q-1: What is the significance of having an encumbrance certificate?
Ans – You may acquire extensive information on earlier transactions with an encumbrance certificate, which can aid you in obtaining the correct property entitlement. As a result, getting an encumbrance certificate is usually suggested.
Q-2: Who has the authority to register a partnership firm?
Ans – In his or her jurisdiction, the District Registrar is also known as the Registrar of Firms. He is the only one who can register a partnership firm.
Q-3: Could a stamp paper that has been used for one deal be used for another?
Ans – No, a stamp paper used for one deal cannot be used for another.
Q-4: Is it necessary to register an alliance?
Ans – No, it isn’t required.
Q-5: Is it essential to register the will?
Ans – No, it isn’t required. However, it is advised that the will should be written in such a way that if the owner of the will is deceased, a certified duplicate can be acquired from the Sub-Registrar Office.
