My family and I are going to buy a resale flat in Undri Pune. I will be also taking a home loan for the same. For applying for the loan the Bank has asked for an Agreement to Sell. I have the following queries
- Since I will be paying the seller a down payment of X amt and funding the rest from the Bank loan the Banks advocate has agreed to draw up the Agreement to sell. She says this agreement needs to be registered and stamp duty needs to be paid is it necessary to pay stamp duty at this stage or when executing the Sales Deed?
- Do i need to once again pay stamp duty when Sales Deed is executed?
- If the bank were to reject my Home Loan for any reason and I have already paid this stamp duty how do i recover it?
- What is the difference between an Agreement to Sell and Agreement to Sale
and finally
- The seller was allotted an additional parking spot (stilt level) He has an allotment letter from the builder. Do I need to register this parking spot separately? I want to sell it off at a later stage.
I would appreciate any help in clearing the above doubts
Best Regards,
Neil
