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Step-by-Step Process for Registration of Agreement to Sell

Learn about the gift deed process in India, including stamp duty, registration, and tax implications for NRIs and residents. India for NRI provides expert assistance to help NRIs complete the process smoothly and legally.

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Step-by-Step Process for Registration of Agreement to Sell

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  1. STEP-BY-STEP PROCESS FOR REGISTRATION OF AGREEMENT TO SELL www.indiafornri.com

  2. AGENDA TABLE OF CONTENT 01 • What is an Agreement to Sell? 02 Step-by-Step Process for Registration of Agreement to Sell 03 Key Considerations for NRI Sale Agreements 04 How India for NRI Helps NRIs?

  3. WHAT IS AN AGREEMENT TO SELL? An Agreement to Sell is a legal document between a buyer and seller that outlines the terms and conditions of a future sale. It defines the obligations of both parties and serves as a safeguard before executing the final sale deed. Unlike a sale deed, an agreement to sell does not transfer ownership but confirms the intent to transfer ownership at a later stage.

  4. STEP-BY-STEP PROCESS FOR REGISTRATION OF AGREEMENT TO SELL

  5. STEP-BY-STEP PROCESS FOR Registration of Agreement to SEll Drafting the Agreement • Stamp Duty Payment • Signatures of Both Parties • The agreement must be drafted by a legal expert, ensuring that all essential clauses are included. • Key components include details of the property, payment terms, possession date, penalty clauses. • The agreement requires stamp duty payment as per state laws. • Stamp duty varies based on the property's value and location. • The seller and buyer must sign the agreement in the presence of two witnesses. • If the sale agreement with NRI is being executed, the NRI can sign it via a Power of Attorney (POA) holder in India.

  6. STEP-BY-STEP PROCESS FOR Registration of Agreement to SEll Sub-Registrar Office • Required Documents • Verification and Registration • Original Agreement to Sell • Property Documents • Identity Proofs • Address Proof • Photographs of Both Parties • Stamp Duty and Registration Fee Receipt • Power of Attorney (if applicable) • Both parties must visit the local Sub-Registrar Office where the property is located. • The required documents must be submitted for verification. • The Sub-Registrar verifies the documents and ensures compliance with legal requirements. • If everything is in order, the agreement is registered, and an official record is maintained.

  7. KEY CONSIDERATIONS FOR NRI SALE AGREEMENTS • Power of Attorney (POA): If the NRI cannot be physically present, a POA holder can sign on their behalf. • Taxation Aspects: NRIs selling property in India are subject to TDS (Tax Deducted at Source) under Indian tax laws. • Repatriation of Funds: Sale proceeds must comply with RBI guidelines for repatriation to foreign bank accounts. • Legal Due Diligence: It is advisable for NRIs to seek legal assistance to ensure compliance with Indian property laws.

  8. HOW INDIA FOR NRI HELPS NRIS? India for NRI provides expert assistance in property documentation, agreement registration, and legal compliance for NRIs. Our team ensures seamless execution of property transactions, saving time and effort for NRIs managing real estate in India.

  9. Contact US • +91-9560020722 • info@indiafornri.com • www.indiafornri.com • 901, ITL Twin Tower, Netaji Shubhash Place, Pitam Pura, Delhi

  10. THANK YOU www.indiafornri.com

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