Buy the stamp fee you can buy ..!

Buying home is one of the most cost-effective decisions. Especially when buying a home for the first time, it is necessary to understand and observe a lot of things except the economic burdens associated with it. The list starts with choosing a home location and a home loan application, first payment and sales agreement. In addition, you have to register it in the name of the house you are buying. This is the legitimate evidence that you own that house. In the local registers records, the house seller should document it to your name. But when doing so, you have to pay the fees called the Stamp Taxes. What is Stamp Fees? The tax charged by the government for the transfer of ownership of one property to another. It is charged under section 3 of Indian Stamp Act 1899. The stamp fee will be fixed depending on the value of that particular asset when registered. And the fees are calculated depending on the state or portion of the property, whether it is new or old construction. So the stamped fee is the amount we spend when buying a new home or property. So it is important to understand how this fee is charged depending on the type of house or house we are buying. Stamp payment payments * Pay the stamp fee entirely. * You must pay the stamp duty on time. If you fail, you will be fined. * The legal document can be used as a court source and is valuable. * Payment is required prior to registration or on the day of registration or on a working day. * Generally the buyer will pay the fee. When the exchange is sold, the buyer and the seller should share the equivalent fee. * If you fail to pay the fees entirely, the penalty will be charged a maximum of 2% per month as a penalty. Registration of bonds * Sealts are to be purchased only in the name of the buyer or seller and only valid for 6 months from the purchase. But this applies only if the payment is paid at the right time. * This document can be canceled on the stamp on the attachment or by canceling the name of the document. Otherwise the document will be considered unregistered. * The seal should be clearly visible. Important Requirements * It is possible that the assessment officer may return the document if it is not important. Hence the need to specify the type of house, the built year and the number of layers to speed up the stamp operation. * The stamp has to pay for all other immovable property transfers except assets transferred from the property (no charge for property sold by the cooperative housing bank) * While transferring assets to legitimate heirs, payment of the market value of the property should be paid. * All necessary documents should be submitted to the Participation Deposit, Mortgage, Sales Certificate, Gift Certificate, Exchange Transfer, Lease Certificate, Licensing Agreement