Protecting you against fraud
Sub-registrar offices (SRO) maintain the data related to the mortgages created by way of registered mortgage. Proper synergy between the state registries and the CERSAI can be valuable for the financial sector, general public and the state governments. Benefits, however, from this can only be derived by states that have fully computerised records. As a pilot, we are working with the Maharashtra State Registry for creating synergies between the two registries so that not only the encumbrance status but also the ownership status of the property can be ascertained,” says Verma.
Highlighting the future road maps of CERSAI, Verma says, “We are actively working on the proposal of the ministry of finance to set up Central KYC Registry for which the CERSAI portal can be further expanded and customised for this objective. This is going to be a big value addition to the entire industry, policy makers and individuals who will be not subjected to several KYC requirements for different purposes within the financial system.”