agreement sale deed

Understanding Agreement for Sale and Sale Deed for an under-construction property purchase

Agreement for Sale is a legally binding contract between buyer and builder that defines price, payment schedule, carpet area, delivery date, penalties, and other obligations—protecting both parties under Karnataka RERA rules

Agreement of Sale is signed on booking of the unit and is required to be registered at the sub-registrar office

For registering the Agreement for Sale in Bangalore, stamp duty of 0.5% of the Agreement value is required to be paid by the purchaser

Sale Deed is the final legal document that transfers ownership of the apartment (including UDS in land) from builder to buyer, giving the buyer absolute legal title.

Sale Deed is executed and registered after project completion and receipt of Occupancy Certificate (OC)

For registering the Sale Deed in Bangalore, total cost is 7.60% of the Agreement value (including Registration, Stamp Duty, Surcharge and Cess). The 0.5% paid at the time of Agreement for Sale is adjusted and balance has to be paid by the purchaser.

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