calculation of stamp duty for arbitration clause and indemnification clause
2 years ago
calculation of stamp duty for an agreement with arbitration clause and an indemnification clause
A.Hi,
How are stamp duty and registration costs computed in India? Stamp duty is generally 5-7 percent of the market value of the property. Typically, the registration cost is 1% of the property's market value. As a result, these charges may potentially amount to millions of rupees. When there is a violation of contract, the arbitration clause is enforced, and the indemnity clause is enforced.
Thank you
How are stamp duty and registration costs computed in India? Stamp duty is generally 5-7 percent of the market value of the property. Typically, the registration cost is 1% of the property's market value. As a result, these charges may potentially amount to millions of rupees. When there is a violation of contract, the arbitration clause is enforced, and the indemnity clause is enforced.
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Ayantika Mondal @ Prime Legal
Responded 2 years ago
A.Hi,
In India, how are stamp duty and registration fees calculated? Stamp duty typically costs 5-7 percent of the property's market value. The registration fee is usually 1% of the property's market value. As a result, these fees might easily reach millions of rupees. the arbitration clause is the dispute resolution clause, and the indemnification clause is enforced when there is breach of contract on the part of one person.
Thank you.
In India, how are stamp duty and registration fees calculated? Stamp duty typically costs 5-7 percent of the property's market value. The registration fee is usually 1% of the property's market value. As a result, these fees might easily reach millions of rupees. the arbitration clause is the dispute resolution clause, and the indemnification clause is enforced when there is breach of contract on the part of one person.
Thank you.
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