Agreement For Sale Registration Tamilnadu

Stamp duty and registration fees remain the same for men, women and common buyers in Tamil Nadu. On October 29, 2020, the registration department saw a record registration of 20,307 documents with 575 sub-registrar offices. The sale of stamp and registration duties that day brought Rs 123.35 crores. October was a good month for the department with a salary of Rs 1.096 billion. In accordance with the amendments made, it was made “mandatory” the registration of documents relating to the power of attorney, the contract of sale, the agreement to deposit the titles of ownership and the construction contract, in accordance with section 5 (i) of the Indian Stamp Act, 1899. Until now, a new home buyer declares only title to the share of unshared land, for which the registration fee must be incurred at 8%. .

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