Connect with us

Business

UP Shifts To Title-Based Land Registration: How It Could Reduce Legal Disputes?

Published

on

UP Shifts To Title-Based Land Registration: How It Could Reduce Legal Disputes?


Last Updated:

Uttar Pradesh is shifting to a new title-based property registration system that checks ownership before any sale is approved.

This major change aims to reduce fraud and cut down on disputes.(Representative Image)

This major change aims to reduce fraud and cut down on disputes.(Representative Image)

The Uttar Pradesh government has cleared a major change that could make buying property in the state safer and faster. The move has drawn attention because it aims to stop common problems like fake sales, disputed ownership, and long legal battles that many buyers currently face.

Instead of relying only on papers submitted during registration, the state has decided that all property transfers will now be checked against actual ownership records. Officials believe this switch will fix many loopholes that earlier allowed fraud to go unnoticed.

Why the New System Matters

According to The Economic Times, Avnish Sharma, Partner at Khaitan & Co, explained that the old process in Uttar Pradesh simply recorded whatever sale deed or transfer paper the parties submitted. Meanwhile, places like Delhi and Haryana already require proof that the seller truly owns the property before anything can be registered.

Sharma said the new plan will connect the revenue department’s land records and municipal ownership data directly with the registration offices. This means sub-registrars will be able to check ownership details instantly. “It would ensure that only those conveyance deeds are registered where the transferor actually holds title,” Sharma told The Economic Times.

This shift follows Chief Minister Yogi Adityanath’s instructions to add strong safeguards against fake property transactions. A Hindustan Times report noted that the current system allows people to impersonate owners, or even register the same land multiple times. Officials admitted that this has led to thousands of legal disputes, especially in cities where land prices are high and records are spread across many agencies.

Title vs Document-Based Registration

Sharma explained that the present document-based method only proves that a deal took place. It does not confirm that the seller actually had a clean or “marketable” title. That is where the new method changes things.

“A title-based system reaffirms the marketable title to some extent, since the government will undertake verification of title before registration, which substantially reduces the scope for forged documents, multiple sales, and hidden encumbrances,” Sharma told the publication.

How It Helps Homebuyers

For homebuyers, this shift could bring more confidence and less risk. Sharma said the government’s title verification will make due diligence simpler, reduce the chances of fraud, and lower the chances of disputes later.

He added a small caution, noting that buyers still need to be careful. Some encumbrances, especially those created through documents not required to be registered under the Registration Act of 1908, may still exist. So his advice to buyers remains the same: always carry out proper title checks before finalising a deal.

Business Desk

Business Desk

A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More

A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More

Follow News18 on Google. Join the fun, play QIK games on News18. Stay updated with all the latest business news, including market trendsstock updatestax, IPO, banking finance, real estate, savings and investments. To Get in-depth analysis, expert opinions, and real-time updates. Also Download the News18 App to stay updated.
News business UP Shifts To Title-Based Land Registration: How It Could Reduce Legal Disputes?
Disclaimer: Comments reflect users’ views, not News18’s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

Read More



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

OGRA Announces LPG Price Increase for December – SUCH TV

Published

on

OGRA Announces LPG Price Increase for December – SUCH TV



The Oil and Gas Regulatory Authority (OGRA) has approved a fresh increase in the price of liquefied petroleum gas (LPG), raising the cost for both domestic consumers and commercial users.

According to the notification issued, the LPG price has been increased by Rs7.39 per kilogram, setting the new rate at Rs209 per kg for December. As a result, the price of a domestic LPG cylinder has risen by Rs87.21, bringing the new price to Rs2,466.10.

In November, the price of LPG stood at Rs201 per kg, while the domestic cylinder was priced at Rs2,378.89.

The latest price hike is expected to put additional pressure on households already grappling with rising living costs nationwide.



Source link

Continue Reading

Business

Private sector data: Over 2 lakh private companies closed in 5 years; govt flags monitoring for suspicious cases – The Times of India

Published

on

Private sector data: Over 2 lakh private companies closed in 5 years; govt flags monitoring for suspicious cases – The Times of India


Representative image (AI-generated)

NEW DELHI: The government on Monday said that over the past five years, more than two lakh private companies have been closed in India.According to data provided by Minister of State for Corporate Affairs Harsh Malhotra in a written reply to the Lok Sabha, a total of 2,04,268 private companies were shut down between 2020-21 and 2024-25 due to amalgamation, conversion, dissolution or being struck off from official records under the Companies Act, 2013.Regarding the rehabilitation of employees from these closed companies, the minister said there is currently no proposal before the government, as reported by PTI. In the same period, 1,85,350 companies were officially removed from government records, including 8,648 entities struck off till July 16 this fiscal year. Companies can be removed from records if they are inactive for long periods or voluntarily after fulfilling regulatory requirements.On queries about shell companies and their potential use in money laundering, Malhotra highlighted that the term “shell company” is not defined under the Companies Act, 2013. However, he added that whenever suspicious instances are reported, they are shared with other government agencies such as the Enforcement Directorate and the Income Tax Department for monitoring.A major push to remove inactive companies took place in 2022-23, when 82,125 companies were struck off during a strike-off drive by the corporate affairs ministry.The minister also highlighted the government’s broader policy to simplify and rationalize the tax system. “It is the stated policy of the government to gradually phase out exemptions and deductions while rationalising tax rates to create a simple, transparent, and equitable tax regime,” he said. He added that several reforms have been undertaken to promote investment and ease of doing business, including substantial reductions in corporate tax rates for existing and new domestic companies.





Source link

Continue Reading

Business

Pakistan’s Textile Exports Reach Historic High in FY2025-26 – SUCH TV

Published

on

Pakistan’s Textile Exports Reach Historic High in FY2025-26 – SUCH TV



Pakistan’s textile exports surged to $6.4 billion during the first four months of the 2025-26 fiscal year, marking the highest trade volume for the sector in this period.

According to the Pakistan Bureau of Statistics (PBS), value-added textile sectors were key contributors to the growth.

Knitwear exports reached $1.9 billion, while ready-made garments contributed $1.4 billion.

Significant increases were observed across several commodities: cotton yarn exports rose 7.74% to $238.9 million, and raw cotton exports jumped 100%, reaching $2.6 million from zero exports the previous year.

Other notable gains included tents, canvas, and tarpaulins, up 32.34% to $53.48 million, while ready-made garments increased 5.11% to $1.43 billion.

Exports of made-up textile articles, excluding towels and bedwear, rose 4.17%, totaling $274.75 million.

The report also mentioned that the growth in textile exports is a result of improved global demand and stability in the value of the Pakistani rupee.



Source link

Continue Reading

Trending