For sale agreement execution in should i do go for stamp paper or franking ?

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Hello, I have to do a sale agreement with another seller for a flat in Bannerghatta road, what is the right way to execute it, i am confused between stamp paper bases sale agreement, franking based.

asked Aug 29, 2017 in Legal Matters by abhilash (13 points) | 2,951 views

2 Answers

Both Stamp Paper and Franking are equally acceptable form of Execution of a Sale Agreement. But in my opinion, Franking is a better option since it is done at the Sub-Registrars office. Additionally, since you would most probably be going for a home loan, most banks require Franking of the Sale Agreement to be done.

answered Sep 2, 2017 by Naveen Rao (37 points)

Both are same. In Karnataka, you have both the options. Both cases you need to pay 0.1% stamp duty to government. It is just a process to deposit the stamp duty. Legally both are same. With stamping, you can go it before or after signing the agreement. But for the e-stamp paper route, you will have purchase and print the agreement in the stamp paper itself. Not the whole agreement but just the 1st para need to be there in stamp paper bottom portion. Example of franked sale agreement.

answered Sep 2, 2017 by samsonv (46 points)

For sale agreement execution in should i do go for stamp paper or franking ?

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