Whenever there is a change of ownership of a property, the new owner must get the name updated in the property tax records. Otherwise, the previous owner will remain liable to pay the taxes legally if the municipal corporation is not notified of the sale of the property. Buyers should prioritize this, as property tax serves as essential proof of rightful ownership.
The fear of lengthy procedures may be one of the reasons that buyers hesitate to update the name in the property tax records. However, the process to update the name in property tax records is straightforward and time-efficient.
Continue reading to learn more about how you can update names in property tax records.
Steps to Update Name in Property Tax Records
As mentioned above, the process is quite simple, provided that you have all the necessary documents ready. Here is a list of documents you will need to update the name in the property tax records:
- Receipt of the last tax paid on the property
- An attested copy of the sale transaction deed that is in your name
- NOC from the housing society
- Duly filled application form with your signature
The documents, along with the application, need to be submitted to the Commissioner of Revenue. After the documents and application are submitted and verified, the change will be reflected in the records within 15 to 30 days.
Mutation of the Property
Apart from updating the name in the property tax records, mutation of the property is also necessary for the seamless transfer of the property title to the new owner. For this, an NOC for the premise may be needed. In the case of an inherited property, the previous owner’s original death certificate and an affidavit may also be required.
The new owner also needs to ensure that all utility bills, such as electricity and water, are transferred to their name, in addition to the property tax records.
Conclusion: New property owners need to ensure the property tax records are updated with their name. Property tax serves as crucial proof of property ownership. Furthermore, previous owners remain legally liable for taxes if the name in the property tax records is not updated. Additionally, the new owner should transfer various other utility receipts and ensure the property mutation is completed for a seamless transfer of the property title.
