What is a Sale Agreement?
A Sale Agreement is a document where the buyer and seller agree on the price and terms to sell a property in the future. It records the mutual understanding before executing the final Sale Deed.
Video Guide: Stamp Duty for Sale Agreement in Bangalore
Watch our detailed video guide below to understand stamp duty for a sale agreement in Bangalore with a real-life example and step-by-step explanation:
Stamp Duty for Sale Agreement in Bangalore
the stamp duty for a sale agreement (without possession) is 0.5% of the total consideration amount
Example of Stamp Duty Calculation
We recently executed a sale agreement with a consideration amount of ₹1,12,00,000.
- Applicable Stamp Duty: 0.5%
- Calculation: 0.5% × ₹1,12,00,000 = ₹56,000
- Total Stamp Duty Paid: ₹56,000
Execution Through Kaveri Online Services
We completed the sale agreement using the Kaveri Online Services portal and verified the stamp duty calculation during the process.
The system automatically calculates the stamp duty based on the entered consideration amount.
Refer to the image below for reference:
The first page of the Sale Agreement is shown below, with the stamp duty amount of ₹56,000 highlighted for reference.
Steps to Execute Sale Agreement Online
We followed the below steps:
- Draft the Sale Agreement
- Upload property details and draft on Kaveri Online Services
- Complete e-signing of the document
- Download the final registered Sale Agreement
The entire drafting and execution process was completed in less than one hour.
Need Assistance?
We assist with Sale Agreement drafting and execution in Bangalore.
Email: pgnproperties@gmail.com
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