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Agreement FOR Sale
Payment of Stamp duty and Registration
fee.
A. (i) Stamp duty is payable on the instrument but not on the transaction.
To ascertain the correct stamp duty payable one has to see the intention of the
document and words used in it.
(ii) A general format has been designed for the help of the public concerned.
Based on this format Stamp duty and Registration fee payable on this Agreement for
Sale is as below: -
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1.
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Stamp duty
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Rs.200=00
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If the value exceeds Rs.50, 000=00
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The
Schedule to Karnataka Stamp Act, 1957, - Article 5(e)
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2.
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Registration fee
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Rs.20=00*
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Maximum
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Table of Fees I
Note (7)
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* Plus copying, endorsement, comparing, filing or scanning
fee, mutation fee and postage fee also chargeable.
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Note: - 8% Stamp duty payable on an agreement to sell if the possession of
the property is delivered or is agreed to be delivered without
executing the conveyance.
The list of documents (enclosures)
required to be produced at the time of presentation of the document
before the jurisdictional Sub-Registrar.
| 1. |
A Identical copy of this deed. |
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| 2. |
Form No.1.
(in duplicate) |
The Karnataka Stamp
(Prevention of Undervaluation of Instruments) Rules, 1977
to download Form No.1 |
| 3. |
Affidavit
(in duplicate) |
(a) Affidavit shall state that “Registration
of this document does not violate the notification issued
under Section 22A of the Registration Act, 1908.”
Notification
Oppose to Public Policy.
(b) Affidavit shall be made on Document
Sheet or on plain paper. Stamp duty of Rs.20=00 can be
paid in cash at Sub-Registrar Office itself.
(c) Sub-Registrar is empowered to attest
affidavits as per Chapter IV –of the Karnataka Civil
Rules of Practice, 1967. |
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Form No.60
(If the value of the property is Rs.5,00,000=00 or more)
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A declaration to be filled by a person who does not
have either a permanent account number or General Index
Number and makes payment in cash in this transaction.
The Abstract of the Income-tax
Act, 1961 to download the Form No.60. |
| 5. |
Form No.61
(If the value of the property is Rs.5,00,000=00 or more)
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A declaration to be filled by a person who has an
agricultural income and is not in receipt of any other
income chargeable to income-tax in respect of the transactions
specified in clause (a) to (h) of Rule 114B does not have
either a permanent account number or General Index Number
and makes payment in cash in this transaction.
The Abstract of the Income-tax
Act, 1961 to download the Form No.61. |
| 6. |
Extract of assessment register of the property. |
This extract is necessary to assess the market value
of the property. |
| 7. |
If the property is an agricultural land the
following certificate is necessary in addition to the
items specified from sl.no. 1 to 7 above. |
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(a) Copy of the Form No.16.
(b) No objection certificate from Tahasildar. |
Computerised Form 16 means - Pahani pathrike, Record
of Rights and Tenency particulars. Commonly called as
RTC.
If the property is a granted land or occupancy
rights have been granted under Land Reform Act, 1961 then
no object certificate from the concerned Tahasildar.
For details Circular No.III
on Opposed to Public Policy. |
Format of the Agreement for Sale
(Note: This is only a draft format and not a format prescribed under any law.
This format can be used with modifications suiting to your requirements wherever
it is necessary. In case of doubt regarding payment of Stamp duty and Registration
fee etc. contact the concerned Sub-Registrar / District Registrar.
[You can download this Agreement for Sale
format]
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