Agreement in Navi Mumbai: A Comprehensive Guide
Navi Mumbai is a planned city located on the west coast of Maharashtra, India. The city is known for its vibrant lifestyle, beautiful landscapes, and modern infrastructure. If you`re a resident of Navi Mumbai or planning to move to the city, you might need to be familiar with the process of agreement.
An agreement is a legal document that outlines the terms and conditions of the sale or purchase of a property. It is an important document that protects the rights of the buyer and seller and ensures that the transaction is carried out smoothly. Here`s a comprehensive guide to agreement in Navi Mumbai.
Types of Agreement
There are two types of agreements in Navi Mumbai – Sale agreement and Leave and License agreement. Sale agreement is a document that is signed between the buyer and seller of a property. It outlines the terms and conditions of the sale, including the price, payment details, possession date, etc. The sale agreement is a legally binding document and is registered with the sub-registrar`s office.
Leave and License agreement, on the other hand, is a document signed between the tenant and owner of a property. It outlines the terms and conditions of the rent, including the rent amount, period, and other details. The leave and license agreement is also a legally binding document and needs to be registered with the sub-registrar`s office.
To register an agreement in Navi Mumbai, you need to follow the following process:
1. Stamp Duty Payment – Before registering the agreement, you need to pay the stamp duty on the property. The stamp duty is calculated based on the agreement value and is paid to the government.
2. Registration Fees – After paying the stamp duty, you need to pay the registration fees to the government.
3. Submit the Documents – Once you have paid the stamp duty and registration fees, you need to submit the documents to the sub-registrar`s office. The documents required for registration include the agreement, proof of ownership, identity proof, and address proof.
4. Get the Agreement Registered – After verifying the documents, the sub-registrar`s office will register the agreement and provide you with a registration certificate.
Agreement is an important document that protects the rights of the buyer and seller or tenant and owner. It is important to follow the registration process to ensure that the agreement is legally binding and valid. If you`re planning to buy or rent a property in Navi Mumbai, make sure to get the agreement registered to avoid any legal complications in the future.