I am planning to purchase resale flat in mumbai through Bank Home Loan. Please Guide
1.I will be paying 5% amount of Sale value as Earnest money/ Advance money
2. i will be executing agreement to sale and will be paying 20% amount of Sale value.
3. i will pay the stamp duty & regsitration charges on full Sale Value.
4. I will submiit the Agreement to sale to Bank for loan of 70%
5. After getting Loan check i will Execute the Sale Deed in which it would be mentioned that 5% of balance amount shall be paid within 2 month of Sale deed at time of possession.
Now my query is
1. is it compulsory to regsiter the Agreement to Sale.
2. If i paid registration charges at Agreement to Sale then do i have to pay Registration charges for Sale deed also. What will haveto be done at Sale deed?
3. In Sale deed is it allowed to keep 5% balance amount to be paid after 2 months as the possession is after two months of sale deed.
4. My Sale Shall be considered complete when i pay the full amount or when i execute the sale deed
