Stamp duty for sale agreement

Vijaya Bhaskar (Querist) 14 March 2015 This query is : Resolved
Dear Experts

NGO wants to purchase a NA land from the party and would like to pay an advance of 50 lakhs by executing a Sale agreement. On what amount of stamp duty should the sale agreement be executed. Whether on Rs. 20 or Rs.100. or 200, and who should purchase the stamp duty (Bond Paper). Appreciate your guidance

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C. P. CHUGH (Expert) 14 March 2015
Hi Viajaya
In some states agreement for sale is required to be registered with appropriate stamp duty which is finally adjusted against duty payable at the time of registering Sale Deed. Please check where the land belongs to and act accordingly.

Otherwise duty for agreement to sell would be as applicable on such agreements in normal course.

Thanks

Adv CPChugh

Rajendra K Goyal (Expert) 15 March 2015
Stamp duty differs from state to state, consult local lawyer in case of your state.

RAJU O.F., (Expert) 16 March 2015
Stamp duty for sale agreements differ from state to state. In Tamil Nadu sale agreement attct stamp duty and also registration charges (mandatory)

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