Sale Certificate for property in Delhi
Updated on 30 January, 2020
SALE CERTIFICATE
A Sale Certificate is generally issued by the Banks when the property is sold by the bank in public auction to recover the outstanding loan amount under the SARFAESI (i.e. Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest) Act, 2002. Such properties are sold by the banks when the borrower is unable to repay the loan and is classified as a defaulter. A certificate of sale is issued after the property is ordered to be auctioned by the Debt Recovery Tribunal (DRT).
The Certificate of Sale may also be issued by the Court when the property is auctioned by it after the attachment of property for recovery of dues in Civil Suits.
REGISTRATION OF SALE CERTIFICATE
A lot of people are unable to find out whether the certificate needs to be registered or not. As per law, it is compulsory to get the certificate of sale registered in the Registrar office. The purchaser needs to pay the stamp duty on the sale certificate and get the same registered in the sub registrar office to make it legally valid. In case it is not registered, it will be inadmissible as an evidence of the transfer of title of the property to the buyer. Thus it is very important to pay the correct stamp duty on the sale certificate and get the same registered in the sub registrar office to make the document legally valid.
STAMP DUTY ON CERTIFICATE OF SALE
The stamp duty is payable on Sale Certificate under Article 18 of the Indian Stamp Act. Therefore, the rate of stamp duty is the same as that payable on a Sale Deed or Conveyance Deed.
Our company provide services for registration of Certificate of Sale of Property issued by Banks and Courts
in the Sub Registrar Offices in Delhi . To avail our services, you may contact us at 8800418408.
gift tax, CA, How to, State Bank of India, SBI, Delhi High Court, District Court,
Disclaimer: The information contained in this website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. The use of this web site, and the sending or receipt of information does not create an attorney-client relationship. By using this website you agree that there has been no advertisement, solicitation, invitation or inducement of any sort whatsoever from us to solicit any work through this website.
A Sale Certificate is generally issued by the Banks when the property is sold by the bank in public auction to recover the outstanding loan amount under the SARFAESI (i.e. Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest) Act, 2002. Such properties are sold by the banks when the borrower is unable to repay the loan and is classified as a defaulter. A certificate of sale is issued after the property is ordered to be auctioned by the Debt Recovery Tribunal (DRT).
The Certificate of Sale may also be issued by the Court when the property is auctioned by it after the attachment of property for recovery of dues in Civil Suits.
REGISTRATION OF SALE CERTIFICATE
A lot of people are unable to find out whether the certificate needs to be registered or not. As per law, it is compulsory to get the certificate of sale registered in the Registrar office. The purchaser needs to pay the stamp duty on the sale certificate and get the same registered in the sub registrar office to make it legally valid. In case it is not registered, it will be inadmissible as an evidence of the transfer of title of the property to the buyer. Thus it is very important to pay the correct stamp duty on the sale certificate and get the same registered in the sub registrar office to make the document legally valid.
STAMP DUTY ON CERTIFICATE OF SALE
The stamp duty is payable on Sale Certificate under Article 18 of the Indian Stamp Act. Therefore, the rate of stamp duty is the same as that payable on a Sale Deed or Conveyance Deed.
Our company provide services for registration of Certificate of Sale of Property issued by Banks and Courts
in the Sub Registrar Offices in Delhi . To avail our services, you may contact us at 8800418408.
gift tax, CA, How to, State Bank of India, SBI, Delhi High Court, District Court,
Disclaimer: The information contained in this website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. The use of this web site, and the sending or receipt of information does not create an attorney-client relationship. By using this website you agree that there has been no advertisement, solicitation, invitation or inducement of any sort whatsoever from us to solicit any work through this website.
