Index 2 of Property: What it is and How You Can Get One?

Registration is a must for every property transaction linked to the agreement to sell, sale, license, mutation, gift and so on. The index 2 of property transactions is a new document issued to property owners after the conclusion of these deals. Here are some aspects about this document that are worth knowing. 

Index 2 of Property Transactions- Key Details 

The index 2 of property transactions contains vital details of the registered property documents as recorded at the office of the sub-registrar. It is given after registering a property. The certificate can be obtained offline or online from the IGRS (Inspector General of Registration and Stamps) department. Here is what this document contains: 

• The amount of the transaction executed between the tenant and landlord or the buyer and the seller. 
• Information on the gift deed, sale deed, rental contract or agreement for sale of the property. 
• Details of the property, including the unit and society details, land area, building number, survey number, parking area, terrace space and more. 
• The market value of the property as shown on the documents. 
• The total property area and the dates of enforcement and registration. 
• The names of the parties involved in the transaction along with their addresses and proof of identity. 
• A registration number that is given to each document officially released by the Government. This contains the certification year, special ID and institution title among other information. 
• Details of the registrar’s office where the payment of the registration and stamp duty fees was made. The registration fees are also mentioned in this document. 

The Index 2 document is also used for various purposes, as listed below. 

Uses of Index 2 Documents

Here are some of the ways in which the index 2 of property transactions is used: 

• As an assurance certificate that the registration of the property deal has been done as per the guidelines. 
• Summary and proof of registration for any property-related transaction. 
• The legitimate status of the execution of the property registration. 
• It is useful while applying for a loan on a mortgage, property transfer, sale and other transactions.  
• As a proof of completion of the immovable property transaction.

Getting the Index 2 document is also a seamless procedure and can be done both online and offline. 

Getting the Index 2 Document Online

The document is usually attached to the property’s sale deed as the second page that has all non-confidential data on the transaction. The certified copy is released by the Government as the legitimate property registration proof. Some Indian States like Maharashtra offer an online search and download option for this certified copy. 

Here are the steps that have to be followed in this regard: 

• Log on to the official registration and stamp duty website. 
• Login with the necessary details and then click on Download. 
• Choose the property region and enter details like the village name, district name, registration year and so on. 
• Searches can be done by the name of the user as well. 
• The captcha code has to be entered for the searching process. 
• The document can then be downloaded after paying a small fee. 

Getting the Index 2 Document Offline

The index 2 for property transactions can also be obtained offline at the sub-registrar’s office. Property owners should note that the office should be the one where the property was registered earlier. An application has to be written and submitted for getting this document. 

Summing Up 

The Index 2 document is important for property owners, since it contains information about the transaction, seller, buyer, property value and so on. It also works as a proof of the registration of the property in question. There are a total of four index documents that are available. They are the key components of the property index copy. The registration department issues these documents which cover all core details of properties. 

The Index 1 document helps maintain the initials of the names of property transaction parties. The Index 3 comes into play whenever the property has any will linked to it. Index 4 is about supporting documentation related to the transaction. The Index 2 document can be used as a proof of the execution of a property transfer deed as well. However, it is important to note that it only confirms the registration and does not offer confirmation on the legal validity of the facts that it contains. It is useful during a loan, transfer, mortgage or sale.