‘Real estate lease registration should be made mandatory’
In an effort to improve transparency and modernize land records in the country, the Ministry of Rural Development has proposed that the registration of real estate leases should be made mandatory.
The proposed amendments to the Registration Act of 1908 have been suggested by the ministry’s Department of Land Records (DoLR). The proposed changes make it compulsory for all manner of agreements relating to land or property to be registered if they are to be considered as evidence in a court of law.
The proposals, suggested by an expert panel, are still in a preliminary stage, a government official said. The panel said it had advocated the redefinition and registration of leases as the provision had been exploited repeatedly, particularly in land disputes.
“Autonomy is given to states to specify floor amount for such registration,” the panel said. The 1908 Act does not require leases for a period of less than a year to be registered.
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Defence land records to be computerised, Department of Land Records, Ministry of Rural Development, Real estate in India, Real Estate India, real estate leases, Realty News, Registration Act of 1908
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