What is the difference between Registration and Property Transfer in Pakistan

Difference between registration and transfer of property:

Definition of terms:

Property Transfer:

• Gift: Gifting a property means the real estate owner transfers land or property to someone in his life. Property transfer as a gift is standard in Pakistan, and there are not many legal procedures involved in it. When someone gifts property in Pakistan, they do not have to pay any fee against the property transfer.

• Inheritance of Property: Property inheritance involves the proper transfer of the real estate to its legal heirs. The list of heirs usually includes the offspring of the person. According to the Transfer of Property Act and Islamic Law, there is no concept of Will, and the property has to be distributed equally to all legal heirs accordingly. The Inheritance issues are mostly brought in courts if the problem is not solved in the lifetime of the property owners.

Required Documents for Property Transfer in Pakistan:

• Land Ownerships Papers (original and copies)
• National identity Card copies of all the involved parties, i.e., sellers, buyers, and witnesses from both sides.
• Copy of Passport (of any person who is non-Pakistani)
• NOC from the related Building Control Authority of that specific province
• In the case of foreigners, No Objection Certificate from M/o for property transactions.
• NOC from Foreign Office for the property transaction (for overseas Pakistanis/foreigners)
• Bank Draft (amount vary from case to case)

Definition of Property Registration in Pakistan:

Required Documents for Property Registration in Pakistan:

• N.I.C of all parties involved (Sellers, buyers, and witnesses).
• The original title deed of the seller
• Stapled Sale Deal
• NOC from Town Nazim
• Power of attorney (If allotted)