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Why is Aadhar Card important for Property Registration in India?

Aadhar card considered as the main document for each and every process today in India. Aadhar card is also a document that can help the government in restraining the use of black money for the transaction in property dealings. Aadhar card becomes an essential proof of identity from getting an LPG connection to opening an account in the bank to getting a PAN card to property registration in India. Most Indians now have an Aadhar number that’s linked to their bank accounts, mobile connection services and income tax return filing.

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Why is Aadhar Card important for Property Registration in India?

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  1. Why is Aadhar Card important for Property Registration in India? http://dgsgroup.co.in/

  2. o Aadhar card considered as the main document for each and every process today in India. o Aadhar card is also a document that can help the government in restraining the use of black money for the transaction in property dealings. o Aadhar card becomes an essential proof of identity from getting an LPG connection to opening an account in the bank to getting a PAN card to property registration in India. o Most Indians now have an Aadhar number that’s linked to their bank accounts, mobile connection services and income tax return filing. http://dgsgroup.co.in/

  3. o The Government of India made (Unique Identification Authority of India) UIDAI based authentication mandatory for real estate dealing. o The Indian government has taken strict action against benami properties against the ‘Benami Transactions Amendment Act, 2016.’ o To speed the process and make it infallible the Indian government has asked the property buyer and property owners, builders & developers to link their aadhar card with their property registration documents. o This process will help the state government to identify the real and genuine owner of the property which can safeguard us from the illegal activities. http://dgsgroup.co.in/

  4. Modification of Property Registration Act http://dgsgroup.co.in/

  5. o The Indian government is playing smart after the launch of Demonetization, GST and RERA, the government has now planned to amend Section 32 and 32A of Registration Act. o Where each person applying for the registration document to the sub-registrar will go under the Aadhar registration without fail. o Finance Minister Arun Jaitley said, “We need to set an example to create a deterrent against the use of anonymous people to hide ill-gotten wealth, amid some politicians and their family members coming under the scanner for alleged ‘benami’ deals.” o He further added, “This is the right time to confiscate properties of those who use other people to convert unaccounted wealth into white.” http://dgsgroup.co.in/

  6. o According to the authorities working under Aadhar card for the registration process said that the prospective buyers and sellers should have a valid Aadhar number before registration of the property. o The Aadhar linked registration has already been started in every state of India. With this system, the local authority would cross-verify the status of the proprietorship documents that are provided through online systems and all other documents need to be lined with the unique Aadhar number. o The fact is that all the sub-registrar are linked to the aadhar server, which makes it easy for them to make the necessary information at the time of property registration. http://dgsgroup.co.in/

  7. What if you don’t have Aadhar card or you have lost it? http://dgsgroup.co.in/

  8. You can go through following procedure in case you have lost your Aadhar card or still yet to get your Aadhar number: ▪ You don’t need to get a new Aadhar card or Aadhar number in case you lose the earlier one. You can simply visit the nearest Aadhar centre in your city and apply by providing your biometric details along with other address and name identity proofs. ▪ Consequently, you can get your existing Aadhar card and the (same) unique Aadhar number immediately. Dial 1947 to get the details of the nearest Aadhar centre. http://dgsgroup.co.in/

  9. ▪ If you still don’t have a permanent Aadhar number but want to make the property registration, the authorities can proceed with your temporary Aadhar number, i.e., Aadhar Enrollment ID (EID) and register the property sale deed. ▪ In case you neither have an Aadhar number nor the EID, you can make a request for the Aadhar card online and show the acknowledgement receipt to the sub-registrar. ▪ The authorities will register your document by entering the acknowledgement number, and as you receive the permanent Aadhar number, you need to go to the office and get yourself eKYC-verified. http://dgsgroup.co.in/

  10. DGS Group Builders and Developers – Leading real estate name with a focus on affordable housing and sustainable growth, We are RERA verified Real Estate company. And at DGS we follow all the legal process while booking your dream house. http://dgsgroup.co.in/

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