Sale Agreement to be registered in Kerala
Is Sale Agreement to be registered in Kerala? , Yes Sale Agreement has to be registered in Kerala. As per the Amendment of 2013, since 2013 October 30th, all Sale Agreements related to immovable properties are compulsorily registrable. However no need to pay the duty of entire Sale Value of the property at the time of Sale Agreement Registration. Instead the duty shall be levied upon the quantum of Advance that you are paying. Thus if you reduce the quantum of advance you can reduce the duty also.
It would be advisable to registrar Sale Agreement at the respective Sub-Registrar’s office. Then it would reflect in the sub-Registrar’s records and any subsequent buyer on verification would identify the existence of a valid agreement on the property and any subsequent buyer will be able to find the existence of a valid agreement on the property. However, registering an agreement attracts the relevant stamp duty and registration fees..
Contact us should you have any further legal questions in this regard.