Property mutation and property registration are distinct processes in Indian real estate transactions, each serving unique purposes.
Property Registration:
Legal Process: Governed by the Registration Act, 1908, it records property transactions in the government’s official register.
Purpose: Establishes legal ownership, ensures transparency and prevents fraud.
Implications:
Legal Validity: Confers legal rights to the buyer.
Public Record: Becomes a public document, ensuring transparency.
Evidentiary Value: Acts as admissible evidence in legal disputes.
Ownership Transfer: Essential for transferring ownership and creating encumbrances (e.g., mortgages).
Property Mutation:
Administrative Process: Involves updating land revenue records by local municipal or revenue authorities.
Purpose: Maintains updated records for taxation and administrative purposes.
Implications:
Administrative Record: Updates local records for tax assessment.
Tax Implications: Identifies the current owner responsible for property tax.
Limited Legal Significance: Does not establish legal ownership; supports administrative needs.
In summary, while property registration legally transfers ownership and provides legal proof of transactions, property mutation updates administrative records for taxation and utility purposes. Consulting a real estate attorney India can help navigate these processes effectively, ensuring legal compliance and avoiding disputes.