2. Payment and signature should be simultaneous. So if you send a cheque, do it posted if beofre the date of compliance with the cheque of the signed sales contract reach you. Stamp duty is the tax levied on legal documents in reparation for their validity. In the State of Karnataka, the maximum stamp duty that can be levied on a lease is set at INR 500/, but it is generally calculated as follows: a registered lease, even if it is concluded for less than one year, is considered a valid address document. A tenancy agreement executed by the landlord for the benefit of the tenant is accepted as a valid address document when a passport is requested. Some other cases where the rental contract can be used as proof of address, include requesting an Aadhaar card, getting a new gas connection, applying for a driver`s license, purchasing a new SIM card, etc. B. Is your main objective of the consultation whether or not the implementation of the agreement is valid in the manner above? Yes absolutely vaild subject to the payment of a sufficient stamp duty either the franc or the purchase of stamp paper and the non-delivery of the property. And the owner or authorized person must be signed on all pages. In addition, if you do not have any problems related to the title of the property, the reputation of the owner, the terms and conditions of the agreement, the type of payment on the consideration that you can issue after the dated check. However, the PAN card is only required at the time of registration of the sales communication if your sales equivalent exceeds 50 Lakh for TDS purposes. Otherwise, it is not mandatory in most under-registration offices.
Therefore, if the seller had been signed on the agreement in favour of himself, the registration is sufficient in the eyes of the law. 1. Well, the registration of the fir trees in the sales contract is the physical presence of both parties. So I`m not sure how he could do it. That is why it is very important that the lease contains all the necessary details about the transaction and that no element can be diminished. Here is a short checklist on the subjects that a rental contract should cover: if you are an urban nomad and find it almost impossible to stay more than a year in the same rented apartment, signing up for a lease should not be your cup of tea. For the registration of the sales writing or agreement, you must be physically present at the town hall, otherwise it can be considered an act of change of identity and invalid and illegal. How can you help me register the lease? The Karnataka government`s Stamps – Registrations Department is responsible for registering real estate in Karnataka state. The department handles the registration of more than 15 Lakh documents in one year and works with more than 1,600 employees. Services relating to real estate such as the registration of documents and the issuance of certificates of charges fall under the jurisdiction of the stamp and registration department.