In India, what are the sales agreement execution fees to be paid for property?
The fee is zero if you execute on your own + stamp duty It's very simple and easy to execute a property sale agreement without paying any processing fee. Just follow the below step-by-step procedure to execute your sale agreement. Step 1: Prepare a draft agreement in word format. A draft looks like the below images Step 2: Share the draft with seller, buyer, advocate, and your bank if you opting for home loan. The intention of sharing is to cross-verify corrections. Preferably share through email to record communication. Step 3: If you are opting for home loan, it's important to frank a sale agreement. Your bank should able to say the franking cost. Generally, the franking cost is 0.1% of selling price. For example the selling price is Rs. 83,00,000/. The franking cost is Rs. 83,00,000X 0.1% = 8,300/- But for some cases, if you have good rapport with your bank, your bank may advise you to use only Rs. 200 e-stamp paper instead franking of 0.1% of selling price. (Many peo