When buying the desired home or selling your home, you come across two terms – contract of sale and deed of sale. Both are very important when it comes to selling and buying your home. The contract of sale may, or may not, lead to an actual sale of the property in question. Some stamp duty laws, such as the Maharashtra Stamp Act, provide for an agreement to sell real estate as an appropriate deed of transfer and are therefore subject to the same stamp duty as that applicable to the deed of transfer or deed of sale of real estate. Under these provisions, which require payment of stamp duty on a contract of sale, persons wrongly perceive a contract of sale as a deed of sale in due form. Most developers still follow the concept of the two agreements – one for the sale of unshared land shares and the other for construction.
septembre 15, 2021 In