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Earnest Money Deposit Receipt

At a glance

Price
₹99 · GST included
Stamp duty
A receipt under Article 53: earnest over Rs 5,000 needs a Re.1 revenue stamp, signed across — same in Punjab/Chandigarh (s.30 lets the payer demand it).
Registration
Not compulsory — a preliminary instrument transfers no ownership (s.54, TPA).
Witnesses
Not required for a preliminary letter.

₹99

GST included

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

Guided questions, full draft on screen, download in Word.

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Also called

  • earnest money receipt
  • property token receipt
  • buyer deposit receipt

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 money paid/received to show commitment before final sale documents — property, amount, reference, price, governing document, possession status, default consequences. 'Earnest' doesn't make forfeiture automatic (s.74 caps compensation) — payment evidence only, not a shortcut around an agreement to sell.

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

A receipt under Article 53: earnest over Rs 5,000 needs a Re.1 revenue stamp, signed across — same in Punjab/Chandigarh (s.30 lets the payer demand it). One fixing price/timetable too may be assessed as an agreement to sell — Chandigarh Item 22 (5%), Punjab Article 5 (tehsil rate). Pay by bank/cheque — cash of Rs 20,000+ as an advance is barred by tax law.

Registration

Not compulsory — a preliminary instrument transfers no ownership (s.54, TPA). The eventual agreement/conveyance is assessed on its own terms.

Notarisation

Not required; doesn't replace stamping or registration where needed.

Witnesses

Not required for a preliminary letter. For a binding term sheet or exclusivity/cost-sharing deal, two witnesses help.

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

EARNEST MONEY DEPOSIT RECEIPT
1. RECEIPT

On 1 April 2026, Harpreet Singh acknowledges receipt from Aarav Sharma of ₹5,00,000 (Rupees Five Lakh only) toward the proposed purchase of Plot 218, Eco City 1, New Chandigarh, Punjab (Apartment): Residential plot measuring approximately 300 sq yd in Eco City 1..

Proposed total sale consideration recorded for context: ₹2,25,00,000 (Rupees Two Crore Twenty Five Lakh only). Payment mode: Bank transfer. Reference: UTR HDFC2609101122.

2. GOVERNING TERMS

Receipt effect: Receipt acknowledges earnest money under the separately identified transaction terms. Governing transaction-terms reference: Term Sheet dated 10 September 2026

Seller-default treatment: Refund follows the separately agreed transaction terms and reasonable-compensation law. Buyer-default treatment: Forfeiture, if claimed, is subject to the agreed terms and section 74 reasonable-compensation principles.

Section 74 of the Indian Contract Act, 1872 limits recovery under a stipulated sum/penalty clause to reasonable compensation not exceeding the amount stipulated. This receipt therefore does not state that forfeiture is automatically valid merely because the word earnest is used.

Questions about this document

Does the Earnest Money Deposit Receipt need stamp paper or stamp duty in Punjab and Chandigarh?

A receipt under Article 53: earnest over Rs 5,000 needs a Re.1 revenue stamp, signed across — same in Punjab/Chandigarh (s.30 lets the payer demand it). One fixing price/timetable too may be assessed as an agreement to sell — Chandigarh Item 22 (5%), Punjab Article 5 (tehsil rate). Pay by bank/cheque — cash of Rs 20,000+ as an advance is barred by tax law.

Does the Earnest Money Deposit Receipt need registration in Punjab and Chandigarh?

Not compulsory — a preliminary instrument transfers no ownership (s.54, TPA). The eventual agreement/conveyance is assessed on its own terms.

What does the Earnest Money Deposit Receipt cost on Kaagazaat?

₹99, GST included.

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

Does the Earnest Money Deposit Receipt need witnesses?

Not required for a preliminary letter. For a binding term sheet or exclusivity/cost-sharing deal, two witnesses help.

Often needed with this document

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