Thursday, September 26, 2024

Post 20/30: Difference between Registry and “Inteqal” (mutation) in Real Estate

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I thought of learning about different aspects of Pakistan, as I want to do something for it. Therefore, I started with some of the well-known indices or reports that would help me in gaining more information about Strength, Weakness, Opportunity, Threat (SWOT). These were 12 posts. You can search my posts related to Pakistan by typing: #UsmanZafarParacha_Pakistan

Now, I have been learning about real estate business in Pakistan. I have started from Youtube videos and hopefully during my learning Journey, I will get some more useful resources to move ahead in this learning and perhaps entering into the real estate business.

I have seen a video, titled, “Difference Between Registry and Inteqal in Pakistan |Registry vs Mutation |رجسٹری اور انتقال میں فرق” on the channel “Legal Opinion Law Chambers”

The author says that when you purchase a property and you transfer that to your name, it refers to registry. However, it is not always necessary that you purchase a property, as sometimes, someone (such as parents) may give you their property as a gift. This gift is referred to as gift deed (not sale deed). There is also a surrendered deed, in which you pass your property to someone. This is also a registered document.

When you purchase a property and it transfers to your name, it has to be registered in the registrar office. It is referred to as registry. It is a valid document, in which there is a stamp, and you pay duties, such as FBR duty. After all these actions, the property transfers to your name. So, you become the owner of that property.

The other thing is that of “inteqal” (mutation) for which there is record in the revenue department. Usually, inteqal is considered in the context of tax collection. So, initially some person was the owner of a property and now it has been transferred to your name. Initially, they were paying taxes, and now you will have to pay taxes. This process is usually under the authority of “patwari”. “Inteqal” can take place only after registry. Nevertheless, ownership is considered on registered sale deeds, as per the rulings of court, and “inteqal” is only a revenue collection document.

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Sources:

Legal Opinion Law Chambers - https://www.youtube.com/watch?v=QxtqqWeBj1k


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