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Mutual Rescission of an Agreement to Sell

At a glance

Price
₹399 · GST included
Stamp duty
A deed rescinding an agreement to sell, transferring nothing, is a cancellation instrument under Article 17 — fixed sum, not ad valorem, brought within the article by two witnesses' attestation.
Registration
Registering the rescission is prudent, maybe required, if the original was registered — unregistered originals need none.
Witnesses
Two witnesses are prudent for a substantive rescission agreement.

₹399

GST included

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Also called

  • mutual cancellation of agreement to sell
  • sale agreement rescission
  • property agreement termination by consent

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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 when buyer and seller both want to end an agreement to sell before the sale deed completes — since it's executory, rescission unwinds the contractual rights: identify the source agreement, the reason, return buyer payments, end any possession, handle originals, and specify surviving claims. Per s.54 TPA, a sale contract creates no property interest by itself. Link release to actual restoration of money, not a blanket no-claim clause.

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 deed rescinding an agreement to sell, transferring nothing, is a cancellation instrument under Article 17 — fixed sum, not ad valorem, brought within the article by two witnesses' attestation. Neither state's table prices it — ask the tehsil or UT Chandigarh Sub-Registrar. If possession is returning, confirm Article 17 still applies. Stamp before signing; unstamped is inadmissible until duty+penalty paid (s.35, s.17).

Registration

Registering the rescission is prudent, maybe required, if the original was registered — unregistered originals need none.

Notarisation

Notarisation does not replace registration where registration is required.

Witnesses

Two witnesses are prudent for a substantive rescission agreement.

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

MUTUAL RESCISSION OF AN AGREEMENT TO SELL

Rescission date: 1 April 2026

Seller: Harpreet Singh, Sector 35, Chandigarh. Buyer: Aarav Sharma, Sector 21, Panchkula.

Property: Plot 118, Sector 35-A, Chandigarh (Plot/land), Residential plot measuring 500 square yards.. Agreement: Agreement to Sell dated 01 August 2026.

Agreed sale consideration: ₹2,50,00,000 (Rupees Two Crore Fifty Lakh only). Buyer payments received: ₹50,00,000 (Rupees Fifty Lakh only).

  1. MUTUAL RESCISSION

Reason: Financing did not proceed. Details: Buyer finance was declined and seller agreed to release buyer.. The parties mutually agree that the identified agreement will not proceed to completion.

  1. REFUND

Refund to buyer: ₹50,00,000 (Rupees Fifty Lakh only) by Bank transfer, reference UTR HDFC260915501, on 2 April 2026.

  1. POSSESSION AND DOCUMENTS

Possession: Buyer never received possession.

Original documents: Each party retains one rescinded original marked cancelled for record.

Questions about this document

Does the Mutual Rescission of an Agreement to Sell need stamp paper or stamp duty in Punjab and Chandigarh?

A deed rescinding an agreement to sell, transferring nothing, is a cancellation instrument under Article 17 — fixed sum, not ad valorem, brought within the article by two witnesses' attestation. Neither state's table prices it — ask the tehsil or UT Chandigarh Sub-Registrar. If possession is returning, confirm Article 17 still applies. Stamp before signing; unstamped is inadmissible until duty+penalty paid (s.35, s.17).

Does the Mutual Rescission of an Agreement to Sell need registration in Punjab and Chandigarh?

Registering the rescission is prudent, maybe required, if the original was registered — unregistered originals need none.

What does the Mutual Rescission of an Agreement to Sell cost on Kaagazaat?

₹399, GST included.

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

Does the Mutual Rescission of an Agreement to Sell need witnesses?

Two witnesses are prudent for a substantive rescission agreement.

Often needed with this document

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