For this change, you must file an application for transfer (modification), an affidavit and a copy of the final sales file at the City Survey and Land Records Department office. After the application, the tax on the property is calculated and the transfer letter is issued to the buyer. The office charges Rs 100 as a registration fee, 200 Rs for the loan of compensation, 100 for sworn insurance and 50 Rs as notary fees. Under the Transfer of Ownership Act, a sales contract, with or without property, is not transportation. Section 54 of the Transfer of Ownership Act provides that the sale of a property can only be done by a registered instrument and that a sale agreement does not create interest or fees for its property. 4) If you try to break the contractor agreement would try to lose payment from you to help people in the registration process, the Karnataka government has an online portal called KAVERI. It is an online service that acts as a search engine for the process of recording and transmitting documents. It is an application of the department for stamps and registration. It offers people the search for the list of documents for registration at a location. A buyer can also book a registration date via this website. Laws relating to the registration of real estate transactions in India. The site also has a stamp duty and registration fee for the calculator, which will pay you the fee based on filling out a simple form.
What the sales contract creates is the buyer`s right to acquire the property in question in 1996, 1996. Similarly, the seller obtains the right to obtain the buyer`s consideration in accordance with his part of the terms and conditions. 3) Once you sign a sales contract, you will be bound by its terms and conditions. The Supreme Court of India in 2012, in the case of Suraj Lamp – Industries (P) Ltd (2) v. State of Haryana, while the treatment of the validity of the sale of real estate by proxy has been under: This absolute rule is subject to the exception of Section 53A of the Transfer of Property Act. Section 53A provides that if the buyer is in possession of the property that is the subject of the transfer, while he fully complies with his part of the contractual obligation, the seller is not allowed to disturb the property thus granted to the buyer.