Hi - I have bought a property in Bangalore and as per the builders it would be complete and handed over to me by May 2014. However, they have asked me to get the property registered in March itself.
My question -
1. Is it legal or sensible to have a property registered even before possession and what would be the implication if I decide to register once it is handed over to me. Will there be a huge change in the guidance value or the stamp duty & registration fee if I get it registered next financial year (in May or June).
2. What are the chances of deliberate delays from Builder side once the registration is done? If there is a delay, what are the possible actions can be taken against them.