Sale Agreement Registration Cost

Posted on

by

How to save stamp duty and registration fees is a tricky question. Before we talk about the same thing, let us understand what stamp duty is. According to Wikipedia, stamp duty is a tax levied on documents. At the time of the transfer of ownership, i.e. the Deed Sale registration, the buyer must pay stamp duty – registration fees to Govt. Stamp duty and registration fees vary from state to state. Some states offer a discount on stamp duty z.B. if the property is registered in a woman`s name, then you can save stamp duty. In Delhi, paying stamp duty is 6%, but if the property is registered in a woman`s name, then paying stamp duty is 4% of the total sale value. To save stamp duty of 2% of the sale value. For the benefit of readers, I list current stamp duty in different states. These fees are indicative and may change.

Similarly, some governments impose different stamp duty on different areas, such as the city and the countryside. The Indian Supreme Court in 2012, in the case of Suraj Lamp – Industries Ltd (2) v. State of Haryana, while considering the validity of the sale of real estate by proxy, held that the sale contract may or may not lead to an effective sale of the property in question. Some stamp tax laws, such as the Maharashtra Stamp Act, consider that an agreement to sell a property on the same basis as a proper transport record, as well as a proper transport record, are subject to the same stamp duty as the one in force for the proper sale of a property. Under these provisions, which require the payment of stamp duty on a sales contract, a sale agreement is wrongly considered a good act of sale. Remember here that both parties must respect the terms of the sale agreement. Any party that does not comply with any of the terms of the agreement could be brought to justice if the other party so wishes. All parties involved should also ensure that this document can be used as legal evidence before the court of law and that all those who have agreed to comply with the conditions are required to do so.


Comments are closed.