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Is registered Sale deed mandatory after registered sale agreement
24-Dec-2023 (In Property Law)
In Mumbai full stamp duty is charged on sale agreement. Will I have to pay full stamp duty again for REGISTERED SALE DEED
Dear Sir,
An Agreement for Sale is a promise to transfer the property upon payment of purchase price.
whereas, Sale is an immediate sale of property upon payment of purchase price.
On Agreement for Sale buyer is required to pay Stamp Duty and Registration Fees on Market Value of the property and so on the Sale Deed.
If you have already paid the SD and RF on a property, you need not pay it again.
Regards,
Adv. Shrikant Bagade
An Agreement for Sale is a promise to transfer the property upon payment of purchase price.
whereas, Sale is an immediate sale of property upon payment of purchase price.
On Agreement for Sale buyer is required to pay Stamp Duty and Registration Fees on Market Value of the property and so on the Sale Deed.
If you have already paid the SD and RF on a property, you need not pay it again.
Regards,
Adv. Shrikant Bagade
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46+
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Adv. Shrikant Bagade
Mumbai | 100+ Answers
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Can agreement to sale be converted to sale deed?
A sale deed represents the actual transfer of ownership of a property. An agreement to buy is a promise that a property will be transferred in the future. Sale agreement is a document that comes before the deed which is signed and executed by both the buyer and seller on non-judicial stamped paper. 12-Aug-2022
Does sale agreement need to be registered?
A Sale Agreement sets out the conditions of the sale to the buyer. The Indian Registration Act of1908 requires that all transactions involving the transfer of immovable rights valued at over Rs. The Indian Registration Act of 1908 requires that all transactions involving the transfer of rights to immovable property valued at more than Rs.
How long is a sale agreement valid?
A registered agreement to sell is considered valid for a period of three years. If there is a negative clause, such as if the buyer must register the property within a certain time frame, then the limit is extended. 31-Mar-2023
Which is better sale deed or agreement to sale?
The sale deed transfers the ownership rights to the new owner. Sale agreement grants the right to the buyer to buy the property in question upon satisfaction of certain conditions. Sale agreement is a document that precedes the sale deed. Its signed by both parties on non-judicial stamp papers. 31-Oct-2023
No once you had paid full stamp duty while drafting the agreement to sale the there is no need to pay sta.p duty again at the time of final sale deed. You can execute the final sale deed on the bond paper of one hundred.
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Adv. Manoj Mulchandani
Nashik | 500+ Answers
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friend if you have Bin ped stamp duty at the time of agreement to sale ine lumpsum then there is not need Tu pay stamp duty again at the time of final sale deed , registering the sale deed you can contact with me relaxation in stamp duty at the time of registration Hans please contact with me immediately
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Adv. Bhalerao Prakash
Nashik | 200+ Answers
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The deed of sale confirms that the property has been sold and transferred from the seller to buyer. The deed will only be drawn after the contract terms have been clearly agreed. The Registration Act of 1908 also requires that the deed be registered at the registrar’s office.
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Adv. Chikirsha Mohanty
Delhi | 200+ AnswersCONTACT NOW
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