What is the legality of MOU in case of default by developer
01-Jul-2023 (In Property Law)
As an Investor,i got allotment letter of flat and MOU Of flat buy back arrangement on Karnataka govt.E stamp paper.In order to enforce in court of law is it sufficient.or it needs to be registered with registrar.If yes then what are it's charges and formalities.suggest some website for clarity.
Dear Sir/Madam, first of all there is no value for MOU in the eye of law, but it will be used for the some transactions for proof of among between the parties only, it is not authenticated document. You will enter in to an Agreement for the same, it will be register as per Indian Registration Act by paying stamp duty as per stamp duty act. You have to refer the sub-registrar website for the same.
What is the cost of registration of will in Maharashtra?
A Will doesnt attract stamp duty. The registration fee varies from state to state. Maharashtra is one example where the registration fee is around Rs100. 17-Apr-2018
What is registration fee in Maharashtra?
In Maharashtra, the property registration fees are capped at Rs. 30,000 and are 1% for properties below Rs. 30 lakh. Also read about stamp duty on property registrations in Gujarat. 25-Oct-2023
How much does MOU cost?
I need to sign a MOU/agreement
The cost of services varies. The basic price on the market is 1500 and it increases according to the agreement. You can contact Lead India to learn more or get expert solutions.
What is the stamp duty for MOU in Tamilnadu?
The act states that MOU fees must be reasonable, and cannot exceed 10% of total property sale price. The terms and conditions must also be clearly defined and accepted by both parties prior to any charges being paid.
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