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George (Assistant Manager)     09 November 2011

Agreement for sale

Hi!

 

 

I am planning to buy a flat in Bangalore. Can any one tell me what should be the Stamp Duty(value of the stamp paper to be used) for Agreement of Sale? The property has not been regietered yet. Post signing of the Agreement for Sale document, Sale deed and Deed of Assignment will heppen. 
 
Again, whether this document(Agreement for Sale) should be registered with the Registrar?
 
It would be great if anyone could reply to this at the earliest.
 
Thanks!


Learning

 4 Replies

ajay sethi (lawyer)     09 November 2011

no need to register agreement for sale . as for stam paper check karntaka stamp act for stamp duty paybale on agreement for sale .

Nadeem Qureshi (Advocate/ nadeemqureshi1@gmail.com)     11 November 2011

Dear George

it is very useful in future to registered the agreement to sale and check Stamp duty act regarding stamp duty.

in future many problems can come before registered The Sale deed so registered the agreement to sale.

Adv Shrikiran.B (Advocate)     11 November 2011

Hi George,

No need to register the sale of agreement with the registrar.

The stamp duty for each state varies and hence the suggestion to consult the stamp duty act of Karnataka or any stamp duty agent who you believe can be handy.

However, sometimes the registration becomes necessary as and when the need to cross check your property arises by the concerned authority. Therefore, as entioned by Nadeem bhai, it is also advisable to have your Agreement of sale registered.

 

 

 

   

Rajesh Hazra (Mediator Mediation Counsel)     11 November 2011

Registration is always good in case of immovable property, as rightly advised by Mr. Nadeem Qureshi.


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