In Uttar Pradesh—including Gautam Budh Nagar—Agreement to Sell Registration is the process of legally recording a contract between a property seller and buyer that outlines the terms and conditions of a future sale. While it does not transfer ownership, it is a crucial step in securing the rights of both parties before executing a Sale Deed.
What Is an Agreement to Sell?
An Agreement to Sell is a legal document that:
- Specifies the intent to sell and purchase property
- Includes details like property description, sale price, payment schedule, possession date, and obligations of both parties
- Serves as a binding contract, enforceable in court if either party defaults
Registration Process in Uttar Pradesh
Here’s a step-by-step guide tailored for Gautam Budh Nagar:
1. Draft the Agreement
- Include all essential clauses: buyer/seller details, property description, consideration amount, payment terms, possession timeline, dispute resolution, etc.
2. Calculate Stamp Duty & Registration Fee
- Stamp Duty: Typically 2% of the sale consideration for Agreement to Sell
- Registration Fee: 1% of the agreement value.
3. Online Preparation via IGRSUP Portal
- Visit IGRSUP
- Fill in property and party details
- Generate challan for stamp duty and registration fee
- Book appointment with the Sub-Registrar Office
4. Visit Sub-Registrar Office
- Both parties must be present with ID proofs and original documents
- Biometric verification and photographs are taken
5. Registration & Certified Copy
- Once verified, the agreement is registered
- A certified copy is issued to both parties
- This document can be used to initiate legal action if the sale is not completed
Legal Importance
- Protects both buyer and seller from breach of contract
- Essential for securing loans or initiating sale deed registration
- Can be used in court to enforce sale terms
Would you like a sample Agreement to Sell template or help estimating stamp duty for your transaction?