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According to section 13 it says as follows: (1) A promoter shall not" ["title"]=> string(40) "RERA Gujrat: Stamp duty and registration" ["htmltitle"]=> string(40) "RERA Gujrat: Stamp duty and registration" ["parentid"]=> string(2) "32" ["urlident"]=> string(39) "rera-gujrat-stamp-duty-and-registration" ["displayorder"]=> NULL ["starter"]=> string(7) "2672900" ["created"]=> string(10) "1579696458" ["lastcontent"]=> string(10) "1579696458" ["lastcontentid"]=> string(7) "2672900" ["lastcontentauthor"]=> string(8) "GP277993" ["lastauthorid"]=> string(6) "306171" ["lastprefixid"]=> string(0) "" ["textcount"]=> string(1) "0" ["textunpubcount"]=> string(1) "0" ["totalcount"]=> string(1) "0" ["totalunpubcount"]=> string(1) "0" ["showpublished"]=> string(1) "1" ["oldid"]=> NULL ["oldcontenttypeid"]=> NULL ["nextupdate"]=> NULL ["lastupdate"]=> string(10) "1579697288" ["featured"]=> string(1) "0" ["CRC32"]=> string(10) "3786760327" ["taglist"]=> NULL ["inlist"]=> string(1) "1" ["protected"]=> string(1) "0" ["setfor"]=> string(1) "0" ["votes"]=> string(1) "0" ["hasphoto"]=> string(1) "0" ["hasvideo"]=> string(1) "0" ["deleteuserid"]=> NULL ["deletereason"]=> NULL ["open"]=> string(1) "1" ["showopen"]=> string(1) "1" ["sticky"]=> string(1) "0" ["approved"]=> string(1) "1" ["showapproved"]=> string(1) "1" ["viewperms"]=> string(1) "2" ["commentperms"]=> string(1) "1" ["nodeoptions"]=> string(3) "138" ["prefixid"]=> string(0) "" ["iconid"]=> string(1) "0" ["public_preview"]=> string(1) "0" ["text_nodeid"]=> string(7) "2672900" ["previewtext"]=> string(0) "" ["previewimage"]=> NULL ["previewvideo"]=> NULL ["imageheight"]=> NULL ["imagewidth"]=> NULL ["rawtext"]=> string(1376) "I have read RERA act and from that, I have one confusion for which I need clarification. According to section 13 it says as follows: [B](1) [/B]A promoter shall not accept a sum more than ten percent of the cost of the apartment, plot, or building as the case may be, as an advance payment or an application fee, from a person without first entering into a written agreement for sale with such person and register the said agreement for sale, under any law for the time being in force." So if I am going to a developer to book an under-construction flat, do I need to pay 10 % of flat price as an advance+stamp duty as per local percentage+registration fee altogether and leave it to developer to deal with stamp duty payment on my behalf or I just need to pay 10% of booking fee and when the certificate of occupancy would be issued and the flat is ready for me to move in at that time I should pay stamp duty while getting the title transferred to my name? And one more question - the said text from act says that 10% of booking should be paid while registering agreement of sales, So how does it work? Where do I need to go for that? By registering agreement of sale aren't we transferring the title of under-construction flat therefore need to pay stamp duty while booking a flat? I am from Ahmedabad just in case if you need to know local law to assist me with this." 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According to section 13 it says as follows:
(1) A promoter shall not accept a sum more than ten percent of the cost of the apartment, plot, or building as the case may be, as an advance payment or an application fee, from a person without first entering into a written agreement for sale with such person and register the said agreement for sale, under any law for the time being in force."
So if I am going to a developer to book an under-construction flat, do I need to pay 10 % of flat price as an advance+stamp duty as per local percentage+registration fee altogether and leave it to developer to deal with stamp duty payment on my behalf or I just need to pay 10% of booking fee and when the certificate of occupancy would be issued and the flat is ready for me to move in at that time I should pay stamp duty while getting the title transferred to my name?
And one more question - the said text from act says that 10% of booking should be paid while registering agreement of sales, So how does it work? Where do I need to go for that? By registering agreement of sale aren't we transferring the title of under-construction flat therefore need to pay stamp duty while booking a flat?
I am from Ahmedabad just in case if you need to know local law to assist me with this.