Unless you are purchasing a property from a developer, you have to go through the ordeal of the property registration process yourself. That is to say, after validating the authenticity of a property’s ownership, one has to prepare all the necessary documents, validate the authenticity of the deed, execute as well as submit the deed for registration, and finally collect it when it’s ready. But you have to be very mindful throughout the process, otherwise, you may fall victim to forgery and lose the property. So before you move forward with buying a property, it is crucial to know about the entire process and how it is done so that you can avoid any misfortunate error. Today, we will go into detail about the step-by-step process of registering property in Bangladesh and discuss all of its important aspects.
Necessary Document collection
When you finally commit to buying a property, the first thing to do is to collect all the necessary documents of the property from the seller/giver/donor and check their authenticity. This is the first step towards establishing your ownership of that property. In other words, collect the khatiyan or khatiyans, all bia deeds, and land development tax receipt and check the authenticity of these documents by cross-checking the information given in these documents with the seller/giver/donor’s TIN, NID/passport, and property’s mouja map. If everything comes out okay and authentic, you are all set to leap into the next step.
Many real estate scammers fabricate information in the documents to look authentic and some of them take the scam even further. Read this article – if you wish to know the most common and unique real estate scams and want to detect and avoid them.
Deed preparation and validation
In this step, as a buyer, you have to prepare a deed following the format prescribed by the government of Bangladesh. But before that, you should hire a “Amin (land surveyor)” to check the land; to see whether it matches the information mentioned in the khatiyan or not. Now after preparing the deed, check it thoroughly for any discrepancies. Especially in the “তফশীল” and “হাত নকশা” sections where you will find information about the mouja, khatiyan number, daag number, land size, and hand map of the property. You can also verify a khatiyan online and check its authenticity.
This refers to signing the document. But only the seller/giver/donor needs to execute or sign the deed. This is true for every type of deed except affidavit, deed of exchange and distribution, where both parties need to sign the document.
Signatories have to sign with their full names on every page of the document horizontally. By executing the deed, the seller/giver/donor gives their approval of all the things that have been written in the deed. Apart from that, a seller/giver/donor has to sign (full name) in two additional places, including the 17 no. column and the 3 no. column where the seller/giver/donor is required to provide their fingerprint and sign their full name overlapping the photo of the buyer/recipient.
We have an excellent article explaining different types of deeds and where they need for.
Deed submission and collection
After executing the deed, you have to make a photocopy of all the necessary documents including khatiyan or khatiyans, all bia deeds, and land development ta`x receipt. Thereafter, collect the payslips of all the fees and taxes including registration fee, stamp duty, VAT, gain tax, local tax and AIT (Additional Income Tax) to submit them to the sub-registrar along with the deed. But keep the original copy of all the documents ready at hand for verification if needed.
Do you know how much you need to pay during the registration of saf-kabla deed? Here is an article that explains the registration cost of the saf-kabla deed.
Now at this stage, the sub-registrar will go through the deed and check for discrepancies. If everything is okay, they will then ask the seller/giver/donor if they are in agreement with everything on the document. After the approval, the sub-registrar will collect the fingerprint of the seller/giver/donor’s left thumb in the “fingerprint record book” as legally upheld proof. Once the submission is done, the applicant gets a “section 52 receipt”, which the applicant has to submit to the sub-registrar office again in order to collect the main deed.
After the submission, you now have to prepare a mutation khatiyan to establish your ownership of the property further. For that, you may have to prepare a L.T. (Land Transfer) notice and send it to the AC land office. Or you can apply for mutation-khatiyan/naamjari online if you don’t want to go through the hassle.
In all honesty, it is very hard to determine the exact time needed to complete the registration process, but it might take from six months to a couple of years. However, you will be provided with a certified but exact copy of the deed to tackle various situations during this time.
In case if you fail to collect the deed after registration is completed, you will be fined BDT 5 from the next month until the fine amounts to BDT 100. However, if you don’t claim it from the registry office for more than 2 years after the registration, authorities have the right to destroy all the documents.
Now if you find the process complicated and hectic, that is because it actually is. The process of registering property in Bangladesh is an arduous task, to say the least. That is why an expert’s opinion, advice, or help is essential to execute the process successfully and error free. With Bproperty on your side, you don’t have to worry about any of these. Whether you are a buyer or a seller, our highly skilled officials will manage and deal with everything for you so that you don’t have to.