Real Estates
Simple step by step guide on land mutation
A land mutation is a common term in land investment discussion. The term simply means the method of changing title deed ownership from one individual to another. Whether you are purchasing land from a developer, gifting someone, or inheriting a property, the mutation is inevitable.
Types of Property Mutation
Mutation for an agricultural land
Mutation for a non agricultural land
Moreover, there are several circumstances that a mutation is needed. These include';
1. When purchasing a property
2. Gift deed
3. During inheritance
Land Mutation Process
While acquiring a land mutation, there is a procedure;
1. Submit the application - This is where the landowners fill in the mutation form in the revenue office. You will fill in your details and the kind of land transfer you wish to make.
2. Payment - these vary from one local government to another
3. Attach key documents - tax receipt, copy of the title deed, indemnity bond, an affidavit, and a death certificate if it is inheritance.
4.
Comments
Post a Comment