STAMPING OF BUILDER BUYER AGREEMENT

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Stamping of Builder Buyer Agreement

 

The Builder Buyer agreements are generally used in Delhi for the sale and purchase of Commercial office units and flats in Multistoried Buildings. Due to ignorance, many people neither pay any stamp duty on these agreements nor do they get it registered. Such unstamped Builder buyer agreements do not carry much value in the eyes of law and are not recognised by authorities such as Delhi Development Authority (DDA), L&DO, MCD for leasehold to freehold conversion. However, a person can legalise such an agreement by paying the applicable stamp duty and penalty. This process is known as stamping / franking of agreement.

The builder buyer agreements are commonly used in Multistoried Buildings in Connaught Place, Barakhamba Road, Nehru Place, 
Saket, Janak Puri, Rajendra Place, Netaji Subhash Place, Bhikaji Cama Place,  Rajendra Place, Pusa Road, Rohini, Dwarka, Malls, District Centres, Shopping Complexes etc.Our company provides services for the impounding / stamping and registration of unregistered / notarised Builder Buyer agreements and Agreement to Sell in Delhi.Stamp Duty of 6% in case of men and 4% in case of women needs to be paid for the stamping. This stamp duty is calculated on the basis of the market price of the  Unit/ Flat.

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