Soon, register rental agreements online
In a bid to make the procedure for obtaining leave-and-licence agreements hassle-free and transparent, the state department of registration and stamps will launch an e-registration facility for rental agreements in two months.mumbai Updated: Sep 05, 2012 01:27 IST
In a bid to make the procedure for obtaining leave-and-licence agreements hassle-free and transparent, the state department of registration and stamps will launch an e-registration facility for rental agreements in two months.
The online service will help both the owner and the tenant save the minimum Rs3,000 fee paid to the broker for registering the rental agreement. They will also be able to avoid queuing up to pay the stamp duty and getting the agreement registered at the registrar’s office. The official charge to get the document registered after paying the stamp duty is 1%, subject to a maximum of Rs30,000. In addition, there are document-handling charges of Rs20 per page.
“Under the new system, people can enter their data online and register the agreement sitting at home. Those who cannot do it on the Internet can visit the nearest franchisee, which are going to be set up soon,” said Rajendra Shirsagar, deputy inspector general (IT) of the stamps and registration department.
The biggest hurdle that will be overcome with the centralised system is that registrar officers anywhere in Maharashtra will be aware of registrations done across the state, and malpractices will be checked, said Shirsagar.
The portal will be accessible 24x7 from across Maharashtra, which is among the first states to launch such a system.
Tenants, naturally, have welcomed the idea. “I had to change my house twice in the last two years, and had to pay the broker more than Rs3,000 each time to get the registration done. This facility will definitely cut down on the unnecessary hassle,” said Dr Pavan B, who rented a house in June this year.
A senior official in the registration department said: “Most of our time goes in filling in details. In the new system, people can finish the formalities online. Their most common complaint is also the time taken to fill in their details; the new system will address this issue.”
“Earlier, people were forced to approach brokers to save time. The new system will bring down corruption and speed up the process,” said senior advocate Vinod Sampat.