What is the Registration Date for a land lot in an Estate?
The registration date for a lot of land in an estate refers to the official date when the land title is registered with the state land titles office (e.g., NSW Land Registry Services in New South Wales). This is a critical milestone in the land development and sales process.
What Happens at Registration?
| Step | What It Means |
|---|---|
| Plan of subdivision is approved | The land is legally divided into individual lots |
| Titles are created | Each lot is given a unique title number |
| Registered with Land Registry | The lots now exist as individual legal parcels and can be settled, sold, or built on |
| Buyers can settle | Purchasers can now pay the balance, take ownership, and proceed to construction if it's a house and land package |
Why is the Registration Date Important?
- It triggers settlement in most contracts (typically within 14 days of registration)
- Allows builders to lodge for building permits (CDC/CC)
- Enables buyers to apply for a home loan final approval
- Confirms infrastructure is complete (roads, utilities, etc.)