By 2030, the populace hopes to have completed the nationwide title plans land registry. The government also has this as a top priority because it would enable them to find places that are good for home construction.

The formal documentation of property ownership is registration. It is not difficult to comprehend the significance of registration because land and property are some of the most precious assets to an individual or an organization.

When can you register?

Registration is required in some situations, such as when you transfer land or grant or assign a lease with a period longer than seven years.

It is nonetheless advised that you apply for voluntary registration even if you are not in a situation where registration is required in order to take advantage of the benefits that come with registration.

Factors that could affect the property registration charges

The kind of property- fees for registration and title plan land registry are different for commercial and residential properties. These are factors that could alter the costs associated with property registration. Charges for commercial properties are greater.

Age of the property- As the property gets older, registration fees become less expensive since the value of a building depreciates over time.

Location- If the property is near a bus stop, train station, or airport, the registration fees will be higher. Developed towns and major cities will also have higher registration fees.

Owner\'s gender- If a woman\'s name is on the deed, the government will give her a discount.

The kind of registration- If the property is registered as a gift deed as opposed to a sale deed and the title is transferred to a family member, the costs of land registration are lower. If the property is transferred to a non-family member, the government imposes a regular registration cost.

Benefits

Land registration gives the title to the Property a state-backed guarantee. This means that you will typically receive compensation if you lose the title to your property as a result of an error or omission in the register or because the register needs to be rectified.

You can defend your property against fraud and thwart requests from outside parties for adverse possession (also known as "squatter\'s rights") over your land and belongings. Additionally, it protects against title deeds being misplaced, broken, or destroyed.

Due to the title plan land registry consolidated storage of all the property title information required for conveyancing, registration facilitates the purchase and sale of real estate. This makes it simpler to determine who owns the property and what advantages and liabilities are associated with the land. The conveyancer must collect the deeds from the customer or mortgage lender and inspect them if the land is not registered, which takes time and costs money.

Registration may make a title more acceptable if some or all of the title deeds are missing (perhaps supported by a faulty title indemnity policy).