12/11/2023 0 Comments Registered conveyance deed![]() ![]() Stamp Duty gets changed as per the property location, for example – usually, Stamp Duty is less in Rural Areas compared to Corporations. 30,000/- or 1% of the Transaction Value (whichever is lower). It’s an important legal document in the home buying process. A deed of conveyance transfers legal property rights from the seller to the buyer. In Maharashtra, the Registration Charges are fixed, which are Rs. In real estate, the act of transferring property such as a house or condominium unit from one party to another is known as conveyance. The following will give you more clarity on what this is all about. Registration means recording of the contents of a document with a Registering Officer and preservation of copies of the original document. ![]() An agreement for Sale is the base document on which the deed of assignment or sale deed is drafted (Deed of assignment/sale deed is the document prepared at the time of full payment made by the buyer and when the actual transfer of the property takes place). Deemed Conveyance is an Amendment under sub- section (3) of section 11 of the Maharashtra Ownership Flats (Regulation of the Promotion of Construction, Sale, Management and Transfer) Act, 1963. It obligates the buyer and seller that throughout the sale process they must follow the terms and conditions mentioned in the agreement for sale until the final sale deed gets registered. Benefits of registration of Agreement to Sell– In this document, the ownership/title of the property gets transferred to the buyer. It includes token amount detail and the terms and conditions regarding the amount at which the flat to be sold, the time limit for both the parties to complete the sale, and the buyer’s promise to make full payment within a certain time. Benefits of registration of Agreement to Sell–Īn Agreement to sell is a document that contains terms and conditions of the sale of a property. ![]()
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