VERY URGENT

vikram (Querist) 08 December 2010 This query is : Resolved
I am going to purchase property and the value of property is Rs 13,50,000 and I am going to pay Rs 2,70,000 as Initial amount and pls let me know the person giving me agreement on Rs 50 Stamp Paper.Is that one is valid or We make it on Rs 100 Stamp paper.

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vikram (Querist) 09 December 2010
I am going to purchase property and the value of property is Rs 13,50,000 and I am going to pay Rs 2,70,000 as Initial amount and pls let me know the person giving me agreement on Rs 50 Stamp Paper.Is that one is valid or We make it on Rs 100 Stamp paper.I am from PUNJAB.

Khaleel Ahmed (Expert) 09 December 2010
The agreement must be executed on the stamp valued Rs.100/-

Kirti Kar Tripathi (Expert) 09 December 2010
agree with Mr. Khaleel

Advocate. Arunagiri (Expert) 09 December 2010
Agree.

Raj Kumar Makkad (Expert) 09 December 2010
There is no need to even incur the value of Rs. 50 on stamp. Agreement for sale is valid even on the stamp of Rs. 10/- in Haryana.

N.K.Assumi (Expert) 09 December 2010
Agreed with Raj Makkad, as even verbal agreement is valid for all purpose.

M.Sheik Mohammed Ali (Expert) 09 December 2010
yes. i agree with raj k makkad

Uma parameswaran (Expert) 09 December 2010
you can write in fifty Rupees stamp paper also.

s.subramanian (Expert) 10 December 2010
I agree with Madam Uma.

Devajyoti Barman (Expert) 10 December 2010
yes

Selva Kumar (Expert) 10 December 2010
even if you entered into Rs.10/- on stamp, the same will valid, if the problem arose between you and another part of agreement, since when you approached court of law, where you have to pay penal charges to mark the said document, then it is admissible

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