Property mutation is changing the ownership record of a property with the relevant government office. In Pakistan, this process is overseen by the District Collector’s Office. In Pakistan, this process is governed by the Registration Act 1908. The act requires that all transfers of immovable property be registered with the relevant district registrar’s office.
There are various reasons why someone might need to have their property mutated. The most common cause is when a property is sold from one owner to another. Other reasons include changes in the mode of holding (e.g. from individual to company name) or changes in the type of ownership (e.g., leasehold to freehold).
Process of Mutation
The registration process can be divided into two parts: the transfer of ownership and the mutation of the record. The former refers to the actual transfer of ownership from the seller to the buyer, while the latter is updating government records to reflect the change in ownership.
The buyer and seller must first sign a sale deed to register a property. This document must then be presented to the district registrar as other required supporting documents. Once the registrar is satisfied that all requirements have been met, they will issue a registration certificate.
It is important to note that property mutation is optional in all cases. For example, if a property is inherited or gifted, it does not need to be registered. However, if the new owner wishes to sell the property at some point in the future, it will need to be registered.
The mutation process can be pretty straightforward, or it can be difficult depending on the specific situation. In this blog post, we will give you an overview of the mutation process and tips on ensuring that your property is mutated successfully.
Why Mutate Your Property?
As we mentioned earlier, there are several reasons why you might need to get your property mutated. The most common cause is when a property is sold from one owner to another. Other reasons include changes in the mode of holding (e.g. from individual to company name) or changes in the type of ownership (e.g. from leasehold to freehold).
Who Can Apply for Mutation?
In order for a mutation to be processed, an application must be submitted by either the current owner of the property or the new owner (if the property has been sold).
What Documents Are Required for Mutation?
The documents required for mutation vary depending on the situation. However, some of the commonly required documents include the following:
– application form duly filled and signed by both the current and new owners
– a copy of the CNIC / passport of both owners
– sale deed/gift deed / intestate succession certificate/court decree, as applicable
– Property tax receipts
– Affidavit on Stamp papers
– Copy of Sales deed
– Indemnity bond
How Long Does Mutation Take?
The time it takes for a mutation to be processed can vary depending on several factors, such as workload at the District Collector’s Office, completeness of documentation, Etc. However, it usually takes around 2-3 weeks for a mutation to be processed once all required documents have been submitted.
Hashi GoC recognizes the importance of Property mutation. In Pakistan, property mutation is necessary to ensure all ownership changes are appropriately documented and reflected in government records. You must register the difference with your local district registrar’s office to buy or sell a home.
The Hashi GoC sales team is cooperative enough to provide their clients with a complete guide for an easy process. They make every effort to avoid any discrepancies or miscommunications that could lead to legal issues in the future. This blog post has helped you better understand property mutation in Pakistan and how it works. If you have any further questions or want help getting your property mutated, don’t hesitate to contact us.