Stamp Duty For Sale Agreement In Kerala

The stamp document can be purchased on your behalf from the Treasury. The price of luxury apartments for sale in Kerala determines the value of the cachet. In Kerala, the stamp duty is 8% and the registration fee is 2%. In the case of family ownership, an amount of 1,000 is set for all transactions. There are no costs associated with the distribution of family property and the donation of land to direct family members. The transfer of ownership of property from one person to another is called a transfer of ownership. The municipal office takes care of this and this procedure is mandatory for the payment of taxes. You must file the corresponding documents, accompanied by an application in plain paper and an extrajudicial stamp of particular value to the Tehsildar of the area where your property is located. For the agreement 200 / stamped paper and 2% of the rgistration tax. 15/5/2015 The registered property deed is a stamp paper document registered with the Kerala Government Register Office that the client gives you as a legal ownership document.

Make sure, if you close the price of an apartment, what would be the amount of the property tax and receive it in writing by the client. There is also a one-off tax to be paid to the Government of Kerala and you should specifically ask the client how much it will be. It is a tax levied on any type of transaction that takes place and is documented. It can be a deed of transmission, a deed of sale, a power of attorney and more. In other words, it is a fee paid for the acquisition of a document or instrument facilitating the creation, transfer, limitation, extension, erasure or registration of rights or liabilities. After payment of stamp duty, the documents or instruments become legally valid and have proof of value in court. Registering apartments or villas in the Office of the Kerala District Registrar is a must to obtain the certificates of ownership of an apartment or villa on your behalf. Stamp duty for the registration of real estate in Kerala most often involves the purchase of expensive Kerala stamp paper on which the deed of sale appears. Stamp duty for registering the apartment or villa on your behalf are additional costs that go beyond the actual accommodation or villa costs you pay to the client…