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Format of Sale-deed (Sale
of a Flat / Apartment between owner of Flat
/ Apartment and purchaser i.e. Second sale)
Ascertain Payment of Stamp
duty and Registration fee.
Ascertain the list
of documents (enclosures) required to be produced at the time
of presentation of the document before the jurisdictional Sub-Registrar.
Format of Sale-deed (Sale of a Flat
/ Apartment between owner of Flat / Apartment and purchaser
i.e. Second sale
Ascertain 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 Sale-deed (Sale of a Flat / Apartment between
owner of Flat / Apartment and purchaser i.e. Second sale) is
as below
Stamp duty and Registration fee payable on this Sale-deed is
as below
Example (1) If the property sold is situated
within Bangalore City Corporation or any other City
Corporation area in the State of Karnataka or Kanakpura
Municipal or any other Municipal Area in the State of Karnataka,
the Stamp duty payable on Rs.1,00,000=00 value of the property
is as follows
| 1 |
8% Stamp duty on Rs.1,00,000=00. |
Rs.8,000=00 |
| 2 |
5% Additional Stamp duty on Rs.8,000=00. |
Rs. 400=00 |
| 3 |
2% Surcharge 0n Rs.80,000=00. |
Rs. 1600=00 |
|
Total Stamp duty payable |
Rs.8560=00 |
Stamp duty can be paid by purchasing Non-judicial Stamp papers
from Government treasury or write document on plain paper and
pay stamp duty in cash or through D.D. in the concerned Sub-Registrar
Office.
| 4 |
1% Registration fee payable on Rs.1,00,000=00. |
Rs. 1,000=00* |
| * (a) Plus copying, endorsement, comparing, filing,
record of rights and postage fee also chargeable.
(b) Registration fee can be paid in cash or through D.D.
in the concerned Sub-Registrar Office at the time of presentation
of the document for registration. |
|
|
Registration fee can be paid in cash or through D.D. in the
concerned Sub-Registrar Office at the time of presentation of
the document for registration.
| Grand total of payment of Stamp duty and Registration
fee |
Rs.9560=00 |
(2). If the property sold is situated within the Taluk Panchayath
Area, the Stamp duty payable on
Rs.1,00,000=00 value of the property is as follows
| 1 |
8% Stamp duty on Rs.1,00,000=00. |
Rs.8,000=00 |
| 2 |
5% Additional Stamp duty on Rs.8,000=00. |
Rs. 400=00 |
| 3 |
3% Surcharge on Rs.8000=00. |
Rs. 240=00 |
| |
Total Stamp duty payable |
Rs.8640=00 |
Stamp duty can be paid by purchasing Non-judicial Stamp papers
from Government treasury or write document on plain paper and
pay stamp duty in cash or through D.D. in the concerned Sub-Registrar
Office.
|
4 |
1% Registration fee payable on Rs.1,00,000=00. |
Rs. 1,000=00* |
|
Total Stamp duty payable |
Rs.9640=00 |
* (a) Plus copying, endorsement, comparing, filing, record
of rights and postage fee also chargeable.
(b) Registration fee can be paid in cash or through D.D. in
the concerned Sub-Registrar Office at the time of presentation
of the document for registration.
Registration fee can be paid in cash or through D.D. in the
concerned Sub-Registrar Office at the time of presentation of
the document for registration.
|
Grand total of payment of Stamp duty and Registration
fee |
Rs.15,500=00 |
The list of documents
(enclosures) required to be produced at the time of presentation
of the document before the jurisdictional Sub-Registrar.
| 1. |
An Identical copy of this deed. |
|
| 2. |
Form No.1.
(in duplicate) |
Click here for The
Karnataka Stamp (Prevention of Undervaluation of Instruments)
Rules, 1977 to download Form No.1 |
| 3. |
Affidavit
(in duplicate) |
(a) Affidavit should state that Registration of this
document does not violate the notification issued under
Section 22A of the Registration Act, 1908.
Click here for Notification
Oppose to Public Policy.
(b) Affidavit should be made on Rs.20=00 Non-judicial
Stamp papers or before executing affidavit it can franked
with any Sub-Registrars Office.
(c) Sub-Registrar is also empowered to attest affidavits
as per Chapter IV Affidavits by the Karnataka Civil Rules
of Practice, 1967. |
| 5. |
Form No.60
(If the value of the property is Rs.5,00,000=00 or more)
|
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.
Click here for The Abstract of the Income-tax Act, 1961
to download the Form No.60.
See also http://www.incometaxbangalore.org/ |
| 6. |
Form No.61
(If the value of the property is Rs.5,00,000=00 or more)
|
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.
Click on The Abstract of the Income-tax Act, 1961 to
download the Form No.61.
See also http://www.incometaxbangalore.org/ |
| 7. |
Extract of assessment register of the property. |
This extract is necessary to assess the market value
of the property. |
Format of Sale-deed
(Sale of a Flat / Apartment between owner of Flat /
Apartment and purchaser i.e. Second 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 Sale-deed format]
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