CLOSE X

Knowledge Hub

Before you purchase a Property, you have to have a title and document search conducted by a competent advocate. You cannot do it yourself. You have to use the services of competent advocate. It is a professional job to be done with professional assistance.
Stamp Duty is a tax, similar to sales tax and income tax collected by the government, and must be paid in full and on time. A stamp duty paid instrument/ document is considered a proper and legal instrument/ document.
The liability of paying stamp duty is that of the buyer unless there is an agreement to the contrary.
The Stamp Duty is payable on the agreement value of the property or the market value, whichever is higher.
The instruments like Agreement to Sell, Conveyance Deed, Exchange of property. Gift Deed, Partition Deed, Power of Attorney, Settlement Deed and Transfer of lease attracts payment of Stamp Duty.
The property agreement should be registered with the Sub-registrar under whose jurisdiction the property falls, as per the provisions of the Indian Registration Act, within four months of the date of its execution.
The transfer of a flat is concluded when you have sale deed/agreement for sale coupled with actual possession which should be followed by registration of flat for concluding a valid sale. The entire amount is paid simultaneously with the handing over of physical possession and signing of the transfer documents.
CIN No.

L01110MH1994PLC082421

IITL

Registered Office

MUMBAI

Office No. 101A, B wing,"The Capital", G-Block, Plot No.C-70, Bandra Kurla Complex, Bandra (East), Mumbai - 400051.

022-43250100

Designed & Developed Accord Fintech Pvt Ltd.