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Resale Agreement for an Under-Construction Property

At a glance

Price
₹399 · GST included
Stamp duty
Duty follows the resale instrument's true legal character — not automatically the final-conveyance rate before title passes.
Registration
Depends on the legal effect and rights transferred; if compulsorily registrable, present within the statutory period.
Witnesses
Both principal parties should sign; two independent witnesses are prudent for a substantive resale agreement, though the promoter's own process may prescribe a different format.

₹399

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

  • under-construction resale agreement
  • allotment resale contract
  • project unit resale agreement

Whether you can fill this in here

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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 buying/selling an under-construction unit from an existing allottee before the promoter's final conveyance. Two payment layers: a resale premium to the outgoing allottee, and a separate unpaid balance owed the promoter. Identify both, promoter approval/substitution, the demand cutoff, lender payoff, transfer charges. For a RERA project, rights pass only via recognised substitution. Without this, the buyer can face cancellation for unpaid instalments. A conditional resale of allotment rights, not a sale deed.

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

Duty follows the resale instrument's true legal character — not automatically the final-conveyance rate before title passes. Buy the stamp before/at signing (s.17); if the Sub-Registrar (tehsil, or UT Chandigarh Sector 17) can't say which article applies, get it adjudicated by the Collector (s.31). Unstamped: inadmissible until duty+penalty is paid (s.35).

Registration

Depends on the legal effect and rights transferred; if compulsorily registrable, present within the statutory period. Doesn't replace the eventual registered conveyance.

Notarisation

Not required for an allotment/booking transfer; doesn't replace registration where the operative instrument needs it.

Witnesses

Both principal parties should sign; two independent witnesses are prudent for a substantive resale agreement, though the promoter's own process may prescribe a different format.

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

RESALE AGREEMENT FOR AN UNDER-CONSTRUCTION PROPERTY

Agreement date: 1 April 2026

  1. PROJECT AND EXISTING RIGHTS

Transferor: Harpreet Singh, Sector 35, Chandigarh. Transferee: Aarav Sharma, Sector 21, Panchkula. Promoter: ABC Developers Pvt Ltd, Airport Road, SAS Nagar, Punjab.

Project: ABC Heights. RERA no.: PBRERA-SAS79-PR0123. Unit: Tower B, Apartment 804, Apartment/flat - 3 BHK apartment, 1,850 sq ft super area, one basement parking right.. Existing instrument: Agreement for Sale dated 10 February 2025.

Original promoter price: ₹1,20,00,000 (Rupees One Crore Twenty Lakh only). Paid to promoter: ₹60,00,000 (Rupees Sixty Lakh only). Balance to promoter: ₹60,00,000 (Rupees Sixty Lakh only).

  1. RESALE ECONOMICS

The Transferor agrees to transfer, and the Transferee agrees to take, the Transferor's rights as allottee of the unit under the existing instrument, on the terms below. Total resale price between parties: ₹85,00,000 (Rupees Eighty Five Lakh only). Premium or adjustment: ₹25,00,000 (Rupees Twenty Five Lakh only). Booking amount paid to transferor: ₹5,00,000 (Rupees Five Lakh only). Balance to transferor: ₹20,00,000 (Rupees Twenty Lakh only).

Payment milestone: On promoter NOC.

Where the law requires the Transferee to deduct tax at source from the resale price, the Transferee deducts it, deposits it within the time allowed and gives the Transferor the certificate; tax properly deducted and deposited counts as payment of that much of the price.

Questions about this document

Does the Resale Agreement for an Under-Construction Property need stamp paper or stamp duty in Punjab and Chandigarh?

Duty follows the resale instrument's true legal character — not automatically the final-conveyance rate before title passes. Buy the stamp before/at signing (s.17); if the Sub-Registrar (tehsil, or UT Chandigarh Sector 17) can't say which article applies, get it adjudicated by the Collector (s.31). Unstamped: inadmissible until duty+penalty is paid (s.35).

Does the Resale Agreement for an Under-Construction Property need registration in Punjab and Chandigarh?

Depends on the legal effect and rights transferred; if compulsorily registrable, present within the statutory period. Doesn't replace the eventual registered conveyance.

What does the Resale Agreement for an Under-Construction Property cost on Kaagazaat?

₹399, GST included.

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

Does the Resale Agreement for an Under-Construction Property need witnesses?

Both principal parties should sign; two independent witnesses are prudent for a substantive resale agreement, though the promoter's own process may prescribe a different format.

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