Difference Between Property Registry and Inteqal (Mutation)

[LRE-Azan]

Difference Between Property Registry and Inteqal (Mutation)

In this informative blog post, we delve into the fundamental disparities between property registry and inteqal (mutation). The first section of this blog provides a comprehensive overview of both concepts, while the latter part presents a comparative chart to enhance your understanding.

Understanding Property Registry Property registry is a multifaceted process encompassing the creation of a sale deed, assertion of property legal rights, and the formal registration of a property under your ownership.

The property registry process involves the following steps:

1. Initiation with an advertisement in a local newspaper, inviting public allegations (in urban areas with high-value commercial properties).
2. Verification of the seller's right to sell the property.
3. Confirmation of proper registration at the local Municipality or Land Registration office.
4. Obtainment of a No-Objection Certificate (NOC) for the property from the seller.
5. Drafting the Sale/Purchase agreement by a hired lawyer.
6. Payment of government property taxes/fees, including:
   
   • Stamp Duty (3% of Property Value)
   • Capital Value Tax (CVT) (2% of Property Value)
   • Town Tax (1% of the Property Value)
7. Issuance of a stamp paper upon tax payment to legitimize the property.
8. Submission of the stamp paper to the registrar office for property ownership transfer.

Note: Property tax and registration fees may vary per provincial government regulations.

Understanding Inteqal Inteqal, also known as mutation, is the process of transferring the property deed into your name following the completion of the sale registry.

The inteqal process entails these steps:

1. Visit the Sub-Registrar office in the property's location to submit the following:
   
   • Document of Registry/Sales deed
   • Identification of both the Buyer and Seller
   • Original title deed of the seller
   • Power of attorney (if the original owner has authorized someone to sell the property on their behalf)
2. Receipt collection (issued immediately) and deed collection (issued around a month later).
3. Transfer property taxes, utility, and municipality services into the buyer's name (buyer's responsibility).

Distinguishing Between Inteqal and Registry Refer to the chart below for a concise comparison of inteqal and property registry:

Registry	Inteqal
Also known as Bay-e-Naama	Other name is Mutation
It is a Sale Deed	Used as Conveyance Deed
Mandatory for property deal	Optional
Records Sales of Property	Used for transfer of ownership
Done as a first step of process	Considered as the last step of process
More Costly	Less Costly
Common Practice in City Area	Usually Involve village and sub-city areas
Preferred for built-in commercial property	Best for raw piece of land

The primary aim of this blog is to equip you with valuable knowledge to navigate property transactions effectively. Remember the information provided here and share it within your social circles to benefit others.

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