Finance

The Significance of Property Mutation

The Significance of Property Mutation

Basic objective of this article is to analysis the Significance of Property Mutation. Property mutation is basically used to determine the person under whose name the property tax is to be paid. But it is also quite vital with regards to settling legal issues concerning the said property. Before buying any property, you should check the property’s prior mutation records. This helps determine which holds the title on the said property, and perhaps the property tax has also been paid till date or perhaps not. If the property mutation is just not updated regularly, then you’ll lack a clear title on the property. This can raise a number of legal issues, if and when you choosed to put your property up available for resale.