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Tuesday, May 3, 2011 @ 12:29 in Bank, Indian Property, Indian Real Estate, Loan, Residential Property, Sale of Properties

What is the procedure for mutation of property purchased from a bank?

Question asked by Mr. D.K. Dutta from India:
What is the procedure for mutation of property purchased from bank under sale certificate in auction? The Property has been acquired by bank from loan defaulters under surface act.
Thanks
D.K. Dutta
Vatsala Answers:
The procedure is the same as normal change of Khata. The sale deed executed by the bank in your favor is enough to get the mutation done on payment of requisite fees and filling up the application form.
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