Construction Agreement Registration In Tamilnadu

The cadastre process is simple by paying only stamp duty, for example 8% (including registration fees) of the total indicative value of the land. So far, a new home buyer only declares title to the share of unshared land, for which the registration fee must be incurred at 8%. (stamp fee + registration fee) According to the provisions of the law, the construction contract is registered with a stamp and registration duty of 2 per cent on the value of the contract it had. With 4 per cent registration fees and 7 per cent stamp duty, Tamil Nadu collects one of the highest registration and stamp fees in the Indian states. It is important to register the construction contract at the same time as the deed of sale of the total share of the State.