Construction Agreement Stamp Duty In Tamilnadu

In May 2020, TN`s registration service clarified that new and ready-to-use housing and buildings will not have to pay stamp duty and registration fees. This applied only to the first sale of the land and only the undivided share of the land (UDS) would be subject to stamp duty and registration fees, not to the super-built area. Stamp duty and registration fees remain the same for men, women and common buyers in Tamil Nadu. You will need the stamp permit, your PAN card, proof of administrative identity of all parties, including witnesses, two photographs in passport format, noc, no tax certificate, sales certificate, POA, Pattadar Passbook, etc. You can pay stamp duty either from the registrar`s office or sub-registrar, or use the electronic stamp installation. One of the landlords says it is a private document between him and the tenant, so the copy of the contract cannot be given to the association. Is he right? In a letter from the Chief Secretary to the State Government to the Comptroller General of Registration on March 18, he stated that with respect to the development of a large building or apartment complex, the proposed allottee, which intends to acquire the apartment, an agreement for the sale of the UDS of land with the owner (the seller) of the land and a separate construction agreement with the developer of the building. Both agreements are registered in accordance with applicable legislation. If the time to sell an undivided portion of the land and the housing construction agreement are duly registered by the payment of stamp duty and registration fees, another provision relating to the registration of an apartment-apartment has been deemed redundant by the industry. The Registration Service of Tamil Nadu facilitated the registration of an apartment for thousands of home buyers in Chennai, stating that when registering an apartment, only the indisputable part of the property will attract stamp duty and registration fees, not the built-up area.

With 4 per cent registration fees and 7 per cent stamp duty, Tamil Nadu has one of the highest registration and stamp fees among Indian states.