The process for registering a property sale agreement in Delhi involves several steps to ensure compliance with property transaction legalities. Here’s a concise overview:
Drafting the Agreement: Engage property legal services to draft the property sale agreement, ensuring all essential details and clauses are included to protect both parties.
Stamp Duty Payment: Calculate and pay the applicable stamp duty based on the property’s market value. This can be done online or at designated banks.
Appointment for Registration: Schedule an appointment with the Sub-Registrar’s office in Delhi for the registration of the property sale agreement.
Document Preparation: Gather necessary documents, including the stamped property sale agreement, identity proofs of buyer and seller, PAN cards, address proofs, and passport-sized photographs.
Visit Sub-Registrar’s Office: Both parties must visit the Sub-Registrar’s office on the scheduled date, along with two witnesses. The documents will be verified, and biometric authentication (thumb impression) and photographs will be taken.
Registration and Payment of Fees: Pay the registration fee, and the Sub-Registrar will register the property sale agreement, making it legally binding. The registered agreement will be returned to the parties after the process.
Collection of Registered Documents: Collect the registered property sale agreement from the Sub-Registrar’s office, completing the registration process.
By following these steps, you can efficiently register a property sale agreement in Delhi, ensuring compliance with all property transaction legalities. Consulting property legal services can further streamline the process and provide legal assistance.
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