The 1908 registration law requires the purchaser of a property to have the property stamped at the time of registration. Through the registration process, ownership of a property is transferred in the name of the new buyer of the old one, in government records. Unless a property is registered in the buyer`s name, it cannot prove its property in court. 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 receive the buyer`s consideration based on his share of the terms and conditions. The deed of sale is the most important legal document by which a seller transfers his right of ownership to the buyer, who then acquires the absolute ownership of the property. The introduction of these amendments requires that the document containing compensatory transfer contracts record all land, including the sale agreement within the meaning of Section 53A of the Property Transfer Act,1882, if completed on September 24, 2001. The sale contract may or may not lead to an effective sale of the property in question. Some stamp tax laws, such as the Maharashtra Stamp Act, consider that an agreement to sell a property on the same basis as a proper transport report, as well as a proper registration of transport, are subject to the same stamp duty as that applicable to the correct sale of a property. Under these provisions, which require the payment of stamp duty on a sales contract, a sales contract is wrongly considered a good purchase transaction.
Stamp duty payment method: electronic stamp paper that must be purchased by any authorized seller up to a value of Rs. 500/- and for a value of more than Rs 500. The Supreme Court also upheld the importance of the sale agreement between the owner and the buyer, as it recently decided that the period of awarding a dwelling unit to a home buyer should be taken into account from the date of the owner-buyer agreement and not from the date of registration of the project under the Real Estate (Regulation and Development) Act of 2016. With the introduction of electronic stamps by the government, stamp duty in Delhi must be paid by the electronic stamp. Therefore, there are no offline channels to pay this tax. Since the centre has designated the Stock Holding Corporation of India Limited (SHCIL) as an agency for all electronic stamps in India, buyers must visit their official portal, www.shcilestamp.com and make the payment.