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Addendum Revising the Sale Consideration

At a glance

Price
₹399 · GST included
Stamp duty
Chargeable under Art.5, Sch.I-A (Punjab/Chandigarh) as its own agreement — not a re-stamp of the principal.
Registration
Earnest money alone isn't registrable; a s.53A (TPA) transfer contract is, compulsorily, under s.17(1A) Registration Act.
Witnesses
Two witnesses help evidence execution, not replace registration.

₹399

GST included

Launch period: downloads are free for now. The prices shown apply once payments open.

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Also called

  • sale price revision addendum
  • consideration amendment agreement
  • price reduction addendum

Whether you can fill this in here

You can fill this in here

You can fill this one in on this site, and read the whole draft on screen before you decide anything about it. It is a carefully drafted template; it is not advice about your own facts.

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Why you need it

When you need it

For renegotiating an existing agreement to sell's price (diligence findings, area, repairs, cost allocation) — not left in messages or a handwritten note. States original/revised consideration, credits amounts paid, recalculates the balance, and keeps statutory stamp/tax valuation separate from the private price. Per s.54 TPA, it changes the bargain only — not title.

See stamp duty, registration and witnesses

What follows is written for Punjab and Chandigarh. It states the position there rather than describing how it varies, so the amounts below are the ones that apply — worth confirming at the sub-registrar’s office, because rates change. If the property is anywhere else in India, none of this is yours.

Stamp duty

Chargeable under Art.5, Sch.I-A (Punjab/Chandigarh) as its own agreement — not a re-stamp of the principal. A Chandigarh Item-22 earnest-money rise may draw extra duty; handing over possession lets the Collector charge the conveyance rate. Stamp before signing (s.17); unstamped is inadmissible until duty+penalty paid (s.35).

Registration

Earnest money alone isn't registrable; a s.53A (TPA) transfer contract is, compulsorily, under s.17(1A) Registration Act. RERA: also s.13.

Notarisation

No substitute for compulsory registration; creates no enforceability alone.

Witnesses

Two witnesses help evidence execution, not replace registration.

Talk to a lawyer about this document₹3,539 including GST (₹2,999 + 18% GST), per documentRequest Stamp Paper

Sample preview — placeholder answers, not your data

ADDENDUM REVISING THE SALE CONSIDERATION

Harpreet Singh, of House 118, Sector 35-A, Chandigarh, and Aarav Sharma, of House 211, Sector 21, Panchkula, are the parties to this instrument.

Seller contact: +91 98150 12345 / harpreet@example.com. Buyer contact: +91 98765 43210 / aarav@example.com.

  1. ORIGINAL AGREEMENT

The parties refer to Agreement to Sell dated 01 August 2026 for House 52, Sector 8, Chandigarh. This addendum is executed on 1 April 2026.

  1. REVISED PRICE

Original sale consideration: ₹2,50,00,000 (Rupees Two Crore Fifty Lakh only). Revised sale consideration: ₹2,45,00,000 (Rupees Two Crore Forty Five Lakh only). Amount already paid/credited: ₹25,00,000 (Rupees Twenty Five Lakh only). Revised balance: ₹2,20,00,000 (Rupees Two Crore Twenty Lakh only).

Reason: Post-diligence negotiated adjustment. Details: Buyer accepted roof repair responsibility in exchange for ₹5,00,000 price reduction..

  1. PAYMENT EFFECT

Payment schedule effect: Only final balance changes; existing milestone dates remain.

Earnest money: Earnest money remains credited toward revised consideration.

  1. TAX/STAMP VALUE

Parties will independently comply with stamp, withholding and tax valuation rules despite the negotiated price. A private price revision does not by itself determine the value on which a statute requires stamp duty, withholding or another tax calculation.

  1. CONTINUING TERMS

All non-price terms remain unchanged.

Section 54 of the Transfer of Property Act, 1882 treats a contract for sale as an agreement that a sale will take place on settled terms; the contract does not by itself create an interest in or charge on the property. The final transfer of ownership must occur through the legally required conveyance/registered instrument.

Questions about this document

Does the Addendum Revising the Sale Consideration need stamp paper or stamp duty in Punjab and Chandigarh?

Chargeable under Art.5, Sch.I-A (Punjab/Chandigarh) as its own agreement — not a re-stamp of the principal. A Chandigarh Item-22 earnest-money rise may draw extra duty; handing over possession lets the Collector charge the conveyance rate. Stamp before signing (s.17); unstamped is inadmissible until duty+penalty paid (s.35).

Does the Addendum Revising the Sale Consideration need registration in Punjab and Chandigarh?

Earnest money alone isn't registrable; a s.53A (TPA) transfer contract is, compulsorily, under s.17(1A) Registration Act. RERA: also s.13.

What does the Addendum Revising the Sale Consideration cost on Kaagazaat?

₹399, GST included.

Launch period: downloads are free for now. The prices shown apply once payments open.

Does the Addendum Revising the Sale Consideration need witnesses?

Two witnesses help evidence execution, not replace registration.

Often needed with this document

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