Registration of pre-purchase agreement
Louis Fernandes
(Querist) 31 March 2013
This query is : Resolved
I have selected property under payment ratio 30/70 i,e 30% at the time of making an agreement and remaining 70% at the time of registration any time before 9 months. Is there any way we can register this agreement with local registration office which prevent seller to make deal with third party during this 9 months period ?
prabhakar singh
(Expert) 31 March 2013
Both parties can present the deed for registration after it's execution just like any deed it would get registered.Just now stamp duty would be payable on 30% of the consideration togather with fixed registration charges .Stamp duty so paid shall get adjusted towards the stamp duty finally payable on the sale deed.
Louis Fernandes
(Querist) 31 March 2013
is this can be done in state of Karnataka ?
prabhakar singh
(Expert) 31 March 2013
It would be possible every where.In U.P. it is must.
