I recently bought a villa in Greater Noida. It`s under construction. I paid 10% to the owner. Now the owner asks for the next 10%, but I insisted on getting Builder Buyer Agreement registered. The owner did not register the BBA say t… Read more According to section 13 (1) of the RERA, a developer must enter into a purchase agreement with a buyer and then accept the amount of the booking. You have already paid the amount of the booking and now it is the buyer/developer`s duty to register the agreement. The conclusion of the agreement will protect the interests of purchasers, and contractors generally avoid doing so in the final stage of payment. The mandatory registration of the sale (Builder-Buyer contract) is only required after payment of the booking amount. You need to hire the best rera lawyers in India to help you solve this problem and get the necessary corrective measures. I did it. All documents, with the exception of the will, are submitted for registration within four months of the date of execution (Section 23 of the Registration Act, 1908). Section 25 of the Act provides that the borough clerk provides for a late payment of up to four months in the event of a fine payment of up to ten times the deposit tax.
Wills may be presented at any time to any clerk or sub-registrar by the deceased or, after his death, by a person who asserts himself as an executor or by any other means. Buyers must first pay stamp duty online before they can book an online appointment to register safe real estate. You can make this payment by following the steps mentioned below. Hello, according to RERA-Provisons, the owner can only take more than 10 percent as the total selling price booking amount in consideration Price before running BBA. It is advisable to respond with a legal reference that denies his unjust request. I did it. No no. This cannot happen, since the 1908 Registration Act must be subject to registration in the body of the sub-registrar/sub-registrar who is responsible for the property or part of the property. Buyers must pay a registration fee based on their transaction value.
For example, for offers over 25 Rs. lakhs, the buyer must pay 15,000 offers as a registration fee. For example, if the value of the real estate is 50 lakhs and it is within the boundaries of the commune and is registered in the name of a male, the applicable stamp duty would be 7% of Rs 50 lakhs. Thus, the buyer must pay 3.50 Rs. Lakhs as stamp duty. As the transaction value is greater than 25 Rs, the buyer must pay an additional Rs of 15,000 as a registration fee.