Tractor Sale Agreement

ਸਟਾਂਪ ਡਿਊਟੀ

No stamp duty is chargeable on this Agreement as a conveyance. Duty on a "Conveyance" under Schedule I-A as applicable to Punjab, and under the corresponding Chandigarh schedule, is charged on an instrument transferring an interest in immovable property or specified categories of movable interest; a straightforward cash sale of a tractor, completed by delivery, is a sale of goods under the Sale of Goods Act, 1930 and is not itself chargeable. This Agreement is accordingly prepared on plain paper. The step that actually matters is not stamping but the RTO transfer: Form 29 and Form 30 under the Central Motor Vehicles Rules, 1989, filed with the registering RTO under s.50 of the Motor Vehicles Act, 1988, together with the RTO's own transfer fee — a separate, small statutory fee that has nothing to do with stamp duty and is paid at the RTO, not to either party. If either party is asked at some other office to produce a stamped instrument of sale, ask that office which article of the Stamp Act it says applies before buying stamp paper on the strength of the request alone; no article aimed specifically at an unaccompanied bill of sale for a vehicle has been identified for Punjab or Chandigarh, and paying duty that is not actually chargeable does not protect either party.

ਰਜਿਸਟਰੀ

Not registrable under the Registration Act, 1908. s.17 of that Act reaches instruments concerning immovable property and specified transactions; a sale of a motor vehicle is not among them, and this Agreement is not presented to any Sub-Registrar. "Registration" of the Tractor itself is a different thing under a different Act: the vehicle's registration certificate is held with the RTO named in Schedule I, and s.50 of the Motor Vehicles Act, 1988 requires the transfer of ownership to be reported and recorded there — the transferor within fourteen days of the transfer, on Form 29, and the transferee applying for the entry to be made in their name on Form 30, with the fee the RTO prescribes. Until that entry is made, the Seller remains the registered owner of record for every purpose that depends on the RTO register, whatever this Agreement says between the parties.

ਨੋਟਰੀ

Not required for this Agreement. Form 29 and Form 30 are filed in whatever format the RTO currently prescribes, which may call for the signatures to be attested; follow that form's own requirement rather than notarising this Agreement in its place.

ਗਵਾਹ

Not legally required for a private sale of movable property, but two witnesses are customary for a transaction of this value and are provided for below, since a tractor sale disputed later is commonly disputed on exactly the facts a witness can speak to — what was said about the machine's condition and what was actually paid.