Note: Registration charges are the same for all buyers, irrespective of gender.
Important: Even if there are multiple buyers or sellers, TDS at 1% is applied on the full transaction value if the total property value exceeds ₹50 lakh.
For a male buyer purchasing a ₹1 crore property:
Total Additional Costs = ₹7,30,000
For a female buyer purchasing a ₹1 crore property:
Total Additional Costs = ₹6,30,000
Property registration is legally mandatory in most countries to establish proof of ownership and avoid disputes. A registered property provides the owner with legal rights and prevents fraudulent claims.
Confirm the authenticity of the title deed.
Verify encumbrance certificates to ensure the property is free from legal claims.
Check land use and zoning regulations.
Obtain previous sale deeds, tax receipts, and utility bills.
A sale agreement is prepared between the buyer and seller, detailing the sale terms.
An advance payment (usually 10%-20% of the total cost) is made to secure the deal.
The agreement includes clauses about price, possession date, payment schedule, and legal obligations.
Stamp duty is a government-imposed tax paid to legalize property transactions.
Registration fees vary by region and are typically a percentage of the property’s value.
The buyer must pay these fees at the local Sub-Registrar’s office.
The final sale deed is executed in the presence of a registrar and witnesses.
Both buyer and seller sign the deed.
The property is officially transferred upon registration.
Once the sale deed is registered, the buyer receives a certified copy.
The buyer must update land records and tax details in their name.
Provides legal protection for both landlord and tenant.
Prevents unauthorized changes to the rental terms.
Ensures compliance with local tenancy laws.
Lease Agreement: Typically for a long-term rental (12 months or more).
Leave and License Agreement: Common for short-term rentals (11 months or less).
Commercial Rental Agreement: Used for renting commercial spaces.
Clearly mention tenant and landlord details.
Specify rent amount, deposit, and payment terms.
Outline maintenance responsibilities and termination clauses.
Rental agreements must be printed on stamp paper of appropriate value.
Stamp duty varies based on rental amount and duration.
Registration fees must be paid at the Sub-Registrar’s office.
The agreement must be signed by both parties.
Two witnesses should be present to authenticate the agreement.
The parties must visit the Sub-Registrar’s office.
Biometric verification and signature verification are completed.
After successful registration, the landlord and tenant receive a certified copy.
The document serves as legal proof in case of disputes.