Stamp
Duty:
Stamp duty is paid as per the true market
value as assessed by the stamp office
and
it varies from state to state. Before execution
of an agreement, it needs to be unsigned
and undated and stamps have to be affixed
on the agreement by the stamp
office. A
stamp duty paid document is admitted as
evidence in court also.
Registration:
What are the papers / requirements at the
time of registration of documents?
A document should be fully stamped as per
the Stamp Duty Ready Reckoner so as to confirm
that proper stamp duty has been paid. The
Stamp Duty Ready Reckoner is a public document
and is available for inspection at a sub-registrar’s office.
For registering documents related to
property, one should go the respective registration
office along with the original document
and one photocopy. The document must be
printed or typed on one side only and in
black colour. A photocopy should be taken
on only one side of the paper and the paper
should be of 90 GSM thickness. There should
be butter paper between the two sheets of
the photocopy.
Apart from a properly executed and fully
stamped duty paid document which is to be
registered, the following documents are
also required before the registration procedure
is started.
- No Objection Certificate under the
Urban Land Ceiling Act if the area of
land transferred exceeds the maximum limit.
- If the land belongs to a government
or semi- government body or to a charitable
trust the no objection certificate of
such government or semi- government body
or to a charitable trust
- Property Card of the land on which
the property is being registered is situated.
This requirement is irrespective of whether
land is sold or the building is being
sold or any other part of the building
is being sold and also irrespective of
whether the seller of the property is
recorded as the owner on the property
card or not. In other words, even the
flat owners are expected to produce this
paper at the time of registration.
- If property sold / purchased is in the
old building and the benefit of depreciation
is claimed on the market value, then any
one of the following documents is to be
produced as a proof of old construction:
- Municipal assessment bill of the building
- Building Completion Certificate
- Original registered agreement between
the builder and original purchaser of
that flat or of any other flat in that building.
- It is better to get the document
adjudicated in case the building is
very old and proper depreciation is
not given by the sub-registrar.
- Original stamp duty payment receipt
- One should go along with
two witnesses
- Registration fees and computer service
charges is to be paid in cash to sub-registrar
at the time of registration
How does one get the document registered
at the sub-registrar’s office?
- Bring the complete document along with
other documents above.
- Submit the document along with input
form at the token window and get the token
number.
- Wait till the token number is announced.
- On token number being announced, all
parties to the document must present themselves
before the sub-registrar to admit execution
of the document, photographed, thumb impression
and signature taken on additional sheet
of paper in presence of sub-registrar.
- Pay the required registration fees
and computer service charges in cash as
per the receipt (Computer service charges
are @ Rs.20 per page)
- The document will be returned within
30 minutes of getting the receipt
- Please deal only with officers and
staff of the registration department who
always display government identity card
with Government seal.
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