Stamp Duty On Agreement To Sell Delhi

With the introduction of electronic stamps by the government, stamp duty in Delhi must be paid by the electronic stamp. Therefore, there are no offline channels to pay this tax. Since the centre has designated the Stock Holding Corporation of India Limited (SHCIL) as an agency for all electronic stamps in India, buyers must visit their official portal, and make the payment. SHCIL has approved collection centres called VAC, which act as intermediaries between SHCIL and the buyer. The 1908 registration law requires the purchaser of a property to have the property stamped at the time of registration. Through the registration process, ownership of a property is transferred in the name of the new buyer of the old one, in government records. Unless a property is registered in the buyer`s name, it cannot prove its property in court. Note: In the case of the sale of real estate within the territory of the New Delhi Municipal Corporation (NDMC), the stamp duty is 5.5%. For buyers in this sector, the current stamp duty is 3.5% of the cost of real estate.

When selling real estate within the Delhi Township Council Area, stamp duty is 3%. With the introduction of these amendments, the document included for-compensation transfer contracts, all land, including the agreement for sale within the meaning of Section 53A of the Transfer of Property Act,1882, must be registered if they were executed on September 24, 2001. Stamp duty payment method: Through an electronic stamp paper that must be purchased by each authorized seller up to a value of Rs. 500/- and for a value greater than Rs 500/- by different banks according to the bank list. If you act via a CCA, you can also pay the stamp duty in cash. You can also pay the fund by cheque/application draft/payment order/RTGS/NEFT/Account Transfer Account. Regardless of gender, all Delhi buyers must pay 1% of the value of the agreement as registration fees, as well as stamp duty, at the time of registration of the sale status. Thus, in fact, a man buys and registers a property in the capital must pay 7% of the real estate costs during registration, while a woman must pay 5% of the value. If a house is registered collectively in the name of a man and a woman, they pay 6% of the real estate costs during registration. Once the payment has been made, the buyer can book an online appointment with the sub-registration office by registering at to start the registration process. Stamp duty, equivalent to 90% of the transport right, due to the consideration provided in the document, must be paid in this act and the remainder of the 10% of the tax must be paid at the time of completion of the document.

2) Introduction of Section 17 (1) (A) of the Indian Registration Act, which entered into transfer contracts for compensation for real estate under Section 53 (A) of the Property Transfer Act, including the mandatory transfer agreement.

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