Kaagazaat

Rental Yield Declaration by Seller

At a glance

Price: ₹399 · GST included
Stamp duty: This is a signed declaration creating a personal warranty and an indemnity, not a conveyance and not a lease, so it is not charged the ad valorem, rent-linked or consideration-linked rates a Sale Deed, a Pattanama or a Mortgage Deed attract in either jurisdiction — it does not itself sell, lease, mortgage or otherwise deal with the Property.
Registration: Not compulsory, in either jurisdiction.
Witnesses: Not required by law for a declaration of this kind, but two are asked for by name, for the same evidentiary reason notarisation is recommended above: a dispute about a warranted rent figure is, first of all, a dispute about what was actually declared and when.

₹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

Seller's Rental Yield Declaration
Rental Income Warranty by Seller
Declaration of Actual Rent Received
Seller's Declaration of Rental Income
Yield Declaration for Tenanted Commercial Property
Rent Certificate by Seller for Sale
Seller's Rent Warranty Letter
Declaration of Sustainable Rental Income

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.

Fill this one in

Why you need it

When you need it

Use this when a commercial property in Punjab or in the Union Territory of Chandigarh — a shop, an SCO, a showroom, an office floor, a warehouse or an industrial unit — is being sold, or marketed for sale, WITH a sitting tenant, and the price under discussion is being pitched by reference to the rent the Property earns. A Buyer paying for a rent roll is paying for a number, and the number is easy to overstate: quoting what the Lease provides for rather than what the Tenant has actually paid, staying quiet about a rent review or a lease expiry that is about to change it, or propping the figure up with a side arrangement or a temporary concession that will not survive the sale. This Declaration puts the Seller's name to the real figure instead — what the Tenant has actually paid over a stated recent period, how that compares with the Lease's own contracted rent, any change to that income the Seller already knows is coming, and an express statement that the figure has not been artificially inflated. Clause 7 attaches a warranty and an indemnity to it, so a Seller who signs it is taking on a real consequence for getting it wrong, not making a marketing claim. This is a signed declaration, not a neutral summary, and it is narrower than it might look. It states the rental income and nothing else: it does NOT calculate a yield percentage, a capitalisation rate or a valuation, and Clause 3.3 says so expressly — whatever yield the Buyer works out from these figures against the price on the table is the Buyer's own arithmetic. It also does not cover the Lease's other terms — its length, deposit, renewal or exit provisions — which belong on the platform's Lease Summary Sheet for Investors (Tenanted Commercial Property) where the parties use it, nor the Seller's title to the Property, which belongs on the platform's Seller Title Affidavit and Non-Encumbrance Affidavit, nor the security deposit, which the platform's Security Deposit Transfer Letter on Sale covers. Use this Declaration specifically for the rent figures a sale is being priced on, alongside whichever of those other documents the transaction actually needs — including, where the parties are using it, the platform's Agreement to Sell – Tenanted Commercial Property. It is the signed-and-warranted counterpart to the platform's Lease Summary Sheet for Investors (Tenanted Commercial Property) — that sheet is a broader, non-binding fact sheet the Seller or a broker can prepare, which says in terms that it creates no binding representation and that a Seller willing to stand behind its figures should do so elsewhere. This is that "elsewhere," narrowed to the one fact a yield-based asking price actually turns on: the rent. It is signed only by the Seller and addressed to a named Buyer, who is entitled to rely on it whether or not an Agreement to Sell has already been signed. Not for a residential tenancy. Not for a property that is vacant, or being sold with vacant possession — there is no rental income to declare. Not for a property let to more than one tenant, or under more than one lease — this Declaration assumes a single tenancy; where the Property has more than one, use a separate Declaration for each.

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

This is a signed declaration creating a personal warranty and an indemnity, not a conveyance and not a lease, so it is not charged the ad valorem, rent-linked or consideration-linked rates a Sale Deed, a Pattanama or a Mortgage Deed attract in either jurisdiction — it does not itself sell, lease, mortgage or otherwise deal with the Property. PUNJAB. The Department of Revenue, Rehabilitation and Disaster Management's published document-wise stamp duty table (revenue.punjab.gov.in) lists Sale/Gift, Transfer of Property, General and Special Power of Attorney and their cancellation, Mortgage Deed (with and without possession), Pattanama/Lease and Will/Cancellation of Will — and nothing answering to a bare declaration or a general agreement. On that footing this Declaration falls to be charged as an instrument not otherwise provided for, under Article 5 of Schedule I-A to the Indian Stamp Act, 1899 as it applies in Punjab, rather than as an Affidavit under Article 4 of that Schedule — Article 4 is written for a sworn affidavit, or an affirmation made by someone the law allows to affirm instead of swearing, and this Declaration is neither of those: it is signed, not sworn before anyone. The Indian Stamp (Punjab Amendment) Act, 2019 revised Article 4's own duty to Rs 50, which is sometimes quoted for a document styled a "declaration" whether or not it was sworn. Confirm with the Sub-Registrar or Joint Sub-Registrar of the tehsil in which the Property lies which Article they actually apply to this instrument, and the current fee, before buying the stamp — on either view the figure is a small fixed sum, not a percentage of the rent declared. CHANDIGARH. The Chandigarh Administration's published stamp duty table prices specific instruments — a Sale Deed, a Gift Deed, an Agreement to Sell keyed to its token money, a Power of Attorney — and, on the copy available when this template was drafted, nothing answering to a bare declaration either, and no notification settling the point could be confirmed. Confirm the applicable item and the current fee with the Sub-Registrar, UT Chandigarh, 30 Bays Building, Sector 17, before buying the stamp; do not assume the Punjab figure carries across that boundary. BOTH. Buy the stamp in the Seller's name, before the Seller signs. Where this Declaration is physically annexed to a stamped Agreement to Sell as one of its schedules, rather than executed as its own separate paper, ask the same office whether it should be separately stamped at all — an instrument that is truly part of a larger stamped document is not always charged twice.

Registration

Not compulsory, in either jurisdiction. This Declaration does not create, transfer, limit or extinguish any right, title or interest in the Property, so Section 17(1) of the Registration Act, 1908 has nothing here to catch — what it creates is a personal warranty and indemnity running from the Seller to the Buyer, the same character as the platform's Seller Title Affidavit and its other seller declarations, none of which is compulsorily registrable. Section 17(1A) is not engaged either: unlike the Agreement to Sell this Declaration usually accompanies, it does not deal with possession at all. Registering it voluntarily is still open to the parties, at the same office that would handle the eventual Sale Deed — the Sub-Registrar or Joint Sub-Registrar of the tehsil in which the Property lies, in Punjab; the Sub-Registrar, UT Chandigarh, 30 Bays Building, Sector 17, in Chandigarh — and it buys what voluntary registration always buys: an independent, time-stamped record of what was signed and when. Most Sellers will find the notarisation described below a cheaper way to the same evidentiary point, and use it instead.

Notarisation

Not required by law — this Declaration takes effect once signed on properly stamped paper. Worth doing anyway. Unlike the Agreement to Sell it usually accompanies, this Declaration will often not be registered, and a notary's own register is the cheapest independent record of who signed it and when — which matters here because Clause 7's indemnity turns on exactly what was declared on that date. Notarise the Seller's signature; the Buyer is not a signing party under this Declaration and has nothing here to notarise.

Witnesses

Not required by law for a declaration of this kind, but two are asked for by name, for the same evidentiary reason notarisation is recommended above: a dispute about a warranted rent figure is, first of all, a dispute about what was actually declared and when. If the parties do choose to register this Declaration in Chandigarh, paragraph 127 of the Punjab Registration Manual then applies to it as it would to any other document presented there: the first witness must be known to the Sub-Registrar — in practice a councillor, a gazetted officer or an advocate — and both witnesses must be known to each other. That qualification does not bite where the Declaration is only notarised, which is the more usual course for this document. Punjab follows the same Manual in substance for anything it registers: two identifying witnesses, adults, not parties to the Declaration, each able to produce their own photo identification. Where the Declaration is only notarised rather than registered, the notary's own formalities govern instead.

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

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RENTAL YIELD DECLARATION BY SELLER

Made at Ludhiana on 2 April 2026

1. The Seller and the Buyer

The Seller

Name: Sethi Estates Private Limited
Constitution: an individual
Address: House No. 1204, Sector 33-C, Chandigarh 160020
PAN: AABCS1234K

Signing for the Seller: Harpreet Kaur Sethi, Director, authorised by board resolution dated 4 March 2026

To (the Buyer)

Name: Meridian Retail Holdings LLP
Address: Plot No. 8, Phase 8-B, Industrial Area, S.A.S. Nagar (Mohali) 160055

1.1 In this Declaration, "the Seller" means the person named above as Seller and, where the Seller is not an individual, includes the signatory named above acting with the Seller's authority. "the Buyer" means the person or entity named above, to whom this Declaration is addressed. "the Tenant" means the tenant identified in Clause 2. The Tenant is not a party to this Declaration and has signed nothing here.

1.2 This Declaration is the Seller's own account of the rental income the Property has actually earned. It is given by the Seller alone; the Buyer's acknowledgement at the foot of this document records only that it was received, not that the Buyer agrees with anything stated in it.

2. The Property and the tenancy this Declaration is about

2.1 Property: SCO No. 42, First Floor, Sector 34-A, Chandigarh 160022, comprising a single retail floor of approximately 500 square feet, situated in Punjab.

2.2 Tenant: Northline Analytics Private Limited, in occupation under a Lease, or the rent agreement currently governing the tenancy, dated 1 April 2026.

2.3 This Declaration states the rental income from the Property only. It is not a summary of the Lease's other terms — its length, deposit, renewal or termination provisions, or whether it is registered — and does not replace the platform's Lease Summary Sheet for Investors, a Tenant Estoppel Certificate or the particulars given in the platform's Agreement to Sell – Tenanted Commercial Property, where the parties are using any of those. Read this Declaration together with whichever of those the transaction actually uses; it is not meant to stand in their place.

3. What this Declaration is, and what it is not

3.1 This Declaration is given in the course of marketing the Property for sale, before any Agreement to Sell has been signed between the Seller and the Buyer

3.2 This Declaration is given by the Seller to induce the Buyer to rely on the figures in Clause 4 in deciding whether, and on what terms, to proceed with buying the Property. It is a signed declaration, not a marketing summary: the Seller is putting a name to specific figures and accepting the consequence in Clause 7 if they turn out to be materially wrong.

3.3 This Declaration does not state or calculate a yield. It states the rental income the Property has earned, in Clause 4, and nothing else. It does not compute a yield percentage, a capitalisation rate or a valuation, and it does not refer to, or warrant, any purchase price. Any yield percentage the Buyer works out from the figures in Clause 4, against whatever price the Buyer is considering paying, is the Buyer's own calculation, made on the Buyer's own assumptions, and is not a figure this Declaration states, checks or endorses.

3.4 This Declaration does not warrant the Seller's title to the Property, its possession, or the refundability or transfer of the security deposit the Tenant has paid; the platform's Seller Title Affidavit, Non-Encumbrance Affidavit and Security Deposit Transfer Letter on Sale, where the parties use them, cover those separately.

4. The rental income declared

4.1 Rent under the Lease. The annual rent presently fixed under the Lease ("the contracted rent") is ₹22,20,000 (Rupees Twenty Two Lakh Twenty Thousand only).

4.2 Rent actually received. The actual rent the Seller has received from the Tenant for the Property, from 3 April 2026 to 4 April 2026 ("the stated period"), comes to ₹20,35,000 (Rupees Twenty Lakh Thirty Five Thousand only) for that period, stated on an annualised basis. This is the figure the Buyer is entitled to rely on as the Property's real, current rental income — not the figure at Clause 4.1, which is only what the Lease provides for and can differ from what has actually been paid. A difference between the contracted rent and what the Seller's bank account shows that is explained only by ordinary tax deducted at source by the Tenant under Section 194-I of the Income-tax Act, 1961 is not a matter Clause 4.4 requires the Seller to explain; that deduction happens on every commercial tenancy of any size and says nothing about the sustainability of the rent.

Questions about this document

Does the Rental Yield Declaration by Seller need stamp paper or stamp duty in Punjab and Chandigarh?

PUNJAB. The Department of Revenue, Rehabilitation and Disaster Management's published document-wise stamp duty table (revenue.punjab.gov.in) lists Sale/Gift, Transfer of Property, General and Special Power of Attorney and their cancellation, Mortgage Deed (with and without possession), Pattanama/Lease and Will/Cancellation of Will — and nothing answering to a bare declaration or a general agreement. On that footing this Declaration falls to be charged as an instrument not otherwise provided for, under Article 5 of Schedule I-A to the Indian Stamp Act, 1899 as it applies in Punjab, rather than as an Affidavit under Article 4 of that Schedule — Article 4 is written for a sworn affidavit, or an affirmation made by someone the law allows to affirm instead of swearing, and this Declaration is neither of those: it is signed, not sworn before anyone. The Indian Stamp (Punjab Amendment) Act, 2019 revised Article 4's own duty to Rs 50, which is sometimes quoted for a document styled a "declaration" whether or not it was sworn. Confirm with the Sub-Registrar or Joint Sub-Registrar of the tehsil in which the Property lies which Article they actually apply to this instrument, and the current fee, before buying the stamp — on either view the figure is a small fixed sum, not a percentage of the rent declared.

CHANDIGARH. The Chandigarh Administration's published stamp duty table prices specific instruments — a Sale Deed, a Gift Deed, an Agreement to Sell keyed to its token money, a Power of Attorney — and, on the copy available when this template was drafted, nothing answering to a bare declaration either, and no notification settling the point could be confirmed. Confirm the applicable item and the current fee with the Sub-Registrar, UT Chandigarh, 30 Bays Building, Sector 17, before buying the stamp; do not assume the Punjab figure carries across that boundary.

BOTH. Buy the stamp in the Seller's name, before the Seller signs. Where this Declaration is physically annexed to a stamped Agreement to Sell as one of its schedules, rather than executed as its own separate paper, ask the same office whether it should be separately stamped at all — an instrument that is truly part of a larger stamped document is not always charged twice.

Does the Rental Yield Declaration by Seller need registration in Punjab and Chandigarh?

Registering it voluntarily is still open to the parties, at the same office that would handle the eventual Sale Deed — the Sub-Registrar or Joint Sub-Registrar of the tehsil in which the Property lies, in Punjab; the Sub-Registrar, UT Chandigarh, 30 Bays Building, Sector 17, in Chandigarh — and it buys what voluntary registration always buys: an independent, time-stamped record of what was signed and when. Most Sellers will find the notarisation described below a cheaper way to the same evidentiary point, and use it instead.

What does the Rental Yield Declaration by Seller cost on Kaagazaat?

₹399, GST included.

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

Does the Rental Yield Declaration by Seller need witnesses?

If the parties do choose to register this Declaration in Chandigarh, paragraph 127 of the Punjab Registration Manual then applies to it as it would to any other document presented there: the first witness must be known to the Sub-Registrar — in practice a councillor, a gazetted officer or an advocate — and both witnesses must be known to each other. That qualification does not bite where the Declaration is only notarised, which is the more usual course for this document.

Punjab follows the same Manual in substance for anything it registers: two identifying witnesses, adults, not parties to the Declaration, each able to produce their own photo identification. Where the Declaration is only notarised rather than registered, the notary's own formalities govern instead.

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