Property transactions involve a multitude of documents and certifications, each serving a distinct purpose. Among these, the property card certificate stands out as a vital component in establishing ownership and legal rights.
What is a property card certificate
A property card certificate, often referred to simply as a property card, is an official document that provides comprehensive details about a specific property. It serves as evidence of ownership and includes crucial information related to the property's legal status.
Purpose of property card or ownership certificate
The primary purpose of a property card is to establish and authenticate ownership of a property. It acts as a reliable source of information for various stakeholders involved in property transactions, legal matters, and municipal governance. Property cards are commonly used for property tax assessments, land demarcation, and confirming ownership during real estate transactions.
Importance of property card certificate
- Legal standing: Property cards have legal standing and are recognised by municipal authorities and land revenue departments.
- Ownership verification: They serve as a means to verify ownership details of a property, ensuring transparency in real estate dealings.
- Property tax assessments: Municipalities use property cards for accurate property tax assessments, determining the tax liability of property owners.
- Land record maintenance: Property cards contribute to maintaining organised and updated land records, facilitating effective land administration.
Difference between ownership certificate & title deed
While both an ownership certificate and a title deed are related to property ownership, they serve different purposes:
- Ownership certificate: Confirms the current owner of the property and is often issued by the local municipal authority. It is based on the information available in the property card.
- Title deed: Provides a detailed history of the property's ownership, including past transactions and transfers. It is a comprehensive legal document establishing the right to ownership.
Rights of the holder of a property card
The holder of a property card enjoys several rights and privileges associated with property ownership. These rights are crucial in establishing legal standing and facilitating various aspects of property management and transactions. Here are the key rights of the holder of a property card:
- Ownership recognition: The property card serves as a legal document recognising the holder as the legitimate owner of the property. This recognition is crucial for establishing and proving ownership in legal and administrative matters.
- Transaction facilitation: With a property card, the owner can easily engage in property transactions, including selling, leasing, or mortgaging the property. The document provides clarity on ownership, facilitating smooth and transparent transactions.
- Property tax assessment: Municipalities use property cards for accurate property tax assessments. As the recognised owner, the holder is responsible for fulfilling property tax obligations based on the information provided in the property card.
- Land use verification: The property card includes details about the land area and its designated usage. The holder has the right to ensure that the property is used in accordance with the specified land use regulations.
- Legal standing in disputes: In the case of property-related disputes or legal matters, the holder of the property card has a stronger legal standing as the recognised owner. The document serves as evidence in legal proceedings.
- Access to property information: The property card contains essential information about the property, including survey numbers, existing structures, and land type. The holder has the right to access and utilise this information for various purposes, such as development or construction planning.
- Municipal services: The property card is often required when availing municipal services. The holder has the right to benefit from municipal services and infrastructure developments based on the property's official records.
- Property development: The holder can undertake development activities on the property, subject to compliance with local regulations. This may include construction, renovation, or other improvements as permitted by relevant authorities.
- Mortgage or loan application: When seeking a mortgage or loan using the property as collateral, the property card serves as proof of ownership. The holder has the right to use the property for securing loans or mortgages.
- Transfer of rights: The holder has the right to transfer ownership or grant specific rights to another party through legal processes. This can include selling, gifting, or transferring the property to heirs.
Details mentioned in a property card or land ownership certificate
A typical property card includes the following details:
- Property owner's name
- Property's survey number and location
- Land area and type of land usage
- Details of existing structures on the property
- Property tax assessment details
Documents needed to get a property card certificate
The requirements for obtaining a property card certificate may vary by location, but common documents include:
- Proof of ownership (previous title deeds)
- Land survey reports
- Identity and address proofs of the property owner
- Recent property tax receipts
Fee for property card
The fee for obtaining a property card can vary depending on the location and the policies of the local municipal or governing authorities. Typically, the fee structure includes processing charges and administrative costs associated with the issuance of the property card certificate. Property owners or individuals seeking a property card are advised to check with their local municipal offices or relevant authorities to get accurate information on the specific fees applicable in their area. It is essential to be aware of any additional costs and ensure compliance with the established procedures to obtain a property card efficiently.
