Property - Agreement for Sale
4 years ago
Hello, In the case of a sale of property, first an agreement for sale is being initiated documenting the payment terms, the timeframe for closure of the deal and the token advance received for the transaction to be proceeded with. If this initial agreement of sale needs to be registered at the Sub-Registrar office in Bangalore, what is the value of the stamp paper needed to be affixed with this agreement of sale, so that this initial agreement can be registered? Is this value of the stamp paper linked to the sale consideration value in any way?
During the registration of this agreement for sale, is there any obligation to pay a part of the stamp duty that is payable at the time of registration of the sale deed for the property?
All stamp duty is to be paid by the Buyer only. It is normal condition. You may visit stamps and registration website of Karnataka Government to get know about stamp duty etc.
Rameshwar Dadhe
Responded 4 years ago
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