By law, all real estate transactions are subject to registration, contracts for which are concluded for a period of 1 year or more. The registration chamber, whose official name is the Federal Real Estate Cadastre Agency, conducts such operations.
Registration Chamber Activities
In the legislation of the Russian Federation there is a bill providing for the registration of state registration of rights to real estate and transactions with it. The essence of this registration is to draw up an act of legal recognition and legal confirmation by the state of rights to real estate. This registration is carried out within the county in which the property undergoing registration is located.
State registration of rights is carried out by the Federal Registration Service and its regional divisions, which are the territorial registration chambers of real estate transactions. The competence of the registration chamber includes: verification of the authenticity of the documents provided by the applicant and the existence of legal rights of the authority or the individual who prepared the document - thereby controlling the actions of the notary's office; verification of early registration of rights; direct registration of ownership and the issuance of a certificate of title to real estate. In addition, if an registration chamber specialist identifies an obstacle to the state registration of property rights, the applicant may be refused a package of documents for registration, having received appropriate recommendations for their elimination.
