Sale deed from BDA
9 months ago
I got gift deed from father. That site was bda acquisition. So I want to apply for bda sale deed
A.Dear client,
Here are the steps
Step 1: Consideration and Arrears Due
The buyer should pay the total consideration amount before the sale deed enrollement. Care to be taken in clearing all the arrears due, including prior loans, house tax, property and society dues, etc. The concerned officials of the registrar can halt the sale deed enrollment in case any arrears are still due.
Step 2: Ascertainment of Stamp Duty
The stamp duty for the particular property mentioned in the sale transaction is imposed on the circle rate or actual rate, whichever is higher.
A circle Rate is a minimum price fixed by government authorities designated for a property in a locality. This is the minimum rate below which property transactions cannot be registered. The circle rate is the price at which the transfer or sale of properties can be registered. Stamp duty varies from state to state and changes based on sole and joint ownership, and other charges are also to be paid along with stamp duty.
Step 3: Payment of Stamp Duty and Stamp Paper
With the increased popularity and convenience of online payments, one can now pay the stamp duty online through Debit Card/Net Banking/FT/NEFT/RTGS. However, the online payment facility varies from state to state. Two methods for obtaining the stamp paper include E-Stamping and Non-judicial Stamp Paper.
In the E-Stamping option, there are two options to obtain the stamp paper. One can pay stamp duty online and approach the nearest SHCIL branch to get the printout of the e-stamp certificate. Each stamp paper has a unique identification number that comes in handy for reference. Another approach is to go to the nearest SHCIL or bank-authorized collection centres and obtain stamp paper by paying stamp duty and providing details.
The Non-Judicial Stamp Paper can be purchased from the authorized stamp vendor in your locality, and now you can print the sale deed on the stamp paper.
Step 4: Sale Deed Draft
The drafting of the sale deed should involve all the relevant and necessary details along with terms and conditions of sale, payment details, buyer and seller details, etc. If you previously obtained the e-stamp certificate, take the printout of the sale deed on plain paper and attach it with the e-stamp.
Step 5: Sale Deed Enrollment and Collection
For the enrollment of the sale deed, one must take an appointment from the nearest sub-registrar either manually or online, but for only states that provide the E-Stamping option. The buyer and seller and two witnesses should be present on the appointment date. In the sale deed enrollment, the signature and thumbprints of the buyer and seller play an essential role since the enrollment is only legally complete when all the parties sign duly. The original sale deed can be collected after the prescribed number of days.
Here are the steps
Step 1: Consideration and Arrears Due
The buyer should pay the total consideration amount before the sale deed enrollement. Care to be taken in clearing all the arrears due, including prior loans, house tax, property and society dues, etc. The concerned officials of the registrar can halt the sale deed enrollment in case any arrears are still due.
Step 2: Ascertainment of Stamp Duty
The stamp duty for the particular property mentioned in the sale transaction is imposed on the circle rate or actual rate, whichever is higher.
A circle Rate is a minimum price fixed by government authorities designated for a property in a locality. This is the minimum rate below which property transactions cannot be registered. The circle rate is the price at which the transfer or sale of properties can be registered. Stamp duty varies from state to state and changes based on sole and joint ownership, and other charges are also to be paid along with stamp duty.
Step 3: Payment of Stamp Duty and Stamp Paper
With the increased popularity and convenience of online payments, one can now pay the stamp duty online through Debit Card/Net Banking/FT/NEFT/RTGS. However, the online payment facility varies from state to state. Two methods for obtaining the stamp paper include E-Stamping and Non-judicial Stamp Paper.
In the E-Stamping option, there are two options to obtain the stamp paper. One can pay stamp duty online and approach the nearest SHCIL branch to get the printout of the e-stamp certificate. Each stamp paper has a unique identification number that comes in handy for reference. Another approach is to go to the nearest SHCIL or bank-authorized collection centres and obtain stamp paper by paying stamp duty and providing details.
The Non-Judicial Stamp Paper can be purchased from the authorized stamp vendor in your locality, and now you can print the sale deed on the stamp paper.
Step 4: Sale Deed Draft
The drafting of the sale deed should involve all the relevant and necessary details along with terms and conditions of sale, payment details, buyer and seller details, etc. If you previously obtained the e-stamp certificate, take the printout of the sale deed on plain paper and attach it with the e-stamp.
Step 5: Sale Deed Enrollment and Collection
For the enrollment of the sale deed, one must take an appointment from the nearest sub-registrar either manually or online, but for only states that provide the E-Stamping option. The buyer and seller and two witnesses should be present on the appointment date. In the sale deed enrollment, the signature and thumbprints of the buyer and seller play an essential role since the enrollment is only legally complete when all the parties sign duly. The original sale deed can be collected after the prescribed number of days.
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