Stamp Paper Value for an Unregistered Sale Agreement.
Property »Posted 12 Feb 2019
My Question is : I am interested in purchasing a land which is 90% Agricultural and 10% Converted near Kolar. The Value accepted is Rs.3 Crore and I am going to pay about 50% and have a Sale Agreement done (Unregistered) and have a Registered Sale deed done in about 4 Months from now. Can I have this Sale Agreement (Unregister) done on Rs.1000/- Stamp Paper (Is it Valid, if in case of any Litigation or Whatsoever) or is there any Stamp Paper Value / Limit for this much amount. Kindly Advice with Constitutional Session/s
For registering sale agreement there is prescribed stamp duty and you cannot register with Rs. 1,000/- stamp paper.
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