The ambitious project is being launched by the Delhi government to contain irregularities in sub-registrar offices, plug revenue leakages, ensure transparency and most importantly to offer people seamless services.
The registration system will be made available at the Mehrauli sub-registrar office from Monday and within next few months it will be extended to remaining 12 sub-registrar offices.
The system will be highly secured as proper audit trail and cross verification of transaction would be ensured. Officials said the online system will ensure transparency and eliminate the role of middlemen in the registration process.
Under the new system, people will even be able to pay registration fees online and get appointments with senior officials of sub-registrar office for verification of documents.
The sub-registrar office in Mehrauli has been renovated to offer visitors a sleek and comfortable ambiance. The remaining 12 sub-registrar offices are also being renovated to provide people various amenities including tea, coffee and snacks.
"The online property transaction system is being launched to ensure that people do not face any difficulty in registration of properties," said an official.
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All the sub-registrar offices will have adequate number of computers to help people get various information.
Officials said the idea to introduce an registration system evolved after collection of registration fees significantly went up after its hike in May last year.
The government has set a target of collecting Rs 4,300 crore from stamps and registration fees in 2012-13.
The government had increased the registration fee for properties valued above Rs 50 lakh and lifted the upper cap of Rs 50,000 as maximum registration, resulting in increase in registration fees for high-value properties.
As part of the reform initiative, the government last week had launched electronic-stamping facility to completely do away with stamp paper of all denominations. Earlier, e-stamping was applicable to values of Rs 501 and above.