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I.K.Khaishzai (lawyer)     20 October 2009

Development agreement

I have given my land along with other property owners of the layout for development of flats and entered in to a registered development agreement. The developer is giving x sq feet of developed property for x sq feet of land.

What are the registration charges I need to pay at the time registration of the flat in my name., excluding land rate or including land rate ?



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 3 Replies

ATUL CHADHA (Company Secretary & Law Student)     20 October 2009

you have to assess the value of your house in terms of area ie sq.

further the registration charges varies from states to states.

please clarify further regarding this matter.

I.K.Khaishzai (lawyer)     20 October 2009

I have given my land measuring 1800 sq ft for development and against which I will get 2650 sq ft of constructed area.  Suppose the govt value of the constructed flat is say Rs. 2500 per sq ft then do I have to pay registration charges on the 2650 sq ft at Rs.2500 per sq ft ?

Or will I get any rebate on the portion of the proportionate cost of the land ?

In otherwords will I be treated as any new buyer on the acquisition of the flat and have to pay registration charges accordingly.

Mrs. Hetal Sunil Shah (Advocate)     20 October 2009

normally it is 1% of value as registration charge in gujarat


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