Kaagazaat

Builder-Buyer Agreement – Residential Flat

At a glance

Price: Free
Stamp duty: CHANDIGARH: an agreement of this kind, to the extent it records receipt of earnest/token money before conveyance, is commonly charged on the token/earnest money actually received rather than on the full price — the same Item 22 basis this library's Agreement to Sell templates use — at 5%, plus registration and pasting fees; confirm the current figures at the Sub-Registrar, Sector 17, before execution, and confirm separately whether the specific Chandigarh project attracts a different, RERA-specific stamp treatment this drafter has not independently verified. PUNJAB: this drafter could not confirm a single, current, citable stamp rate for a residential Builder-Buyer Agreement, distinct from the Agreement to Sell an Under-Construction Flat this library already carries.
Registration: Section 13 of the Real Estate (Regulation and Development) Act, 2016 requires this Agreement to be entered into, and registered, before the Promoter accepts more than ten per cent of the cost of the unit as an advance or application fee.
Witnesses: Two witnesses attest execution, as is universal drafting practice for an agreement of this value and duration.

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Also called

Agreement for Sale (RERA)
Flat Buyer Agreement
Apartment Buyer Agreement
Residential Builder-Buyer Agreement
फ्लैट क्रेता समझौता
ਫਲੈਟ ਖਰੀਦਦਾਰ ਸਮਝੌਤਾ

When you need it

The fuller agreement between a promoter/developer and an allottee for a residential flat or plot being sold under construction or before completion — the registered agreement for sale section 13 of the Real Estate (Regulation and Development) Act, 2016 requires before the promoter can accept more than ten per cent of the price. Fixes the unit, its price and payment plan, the promised possession date and the consequence of delay under section 18, the defect-liability period under section 14(3), and what happens on cancellation by either side.

Section 13 is the reason this document exists in the shape it does: a promoter who has already taken a booking amount under an Allotment Letter must execute this Agreement — and, on the plain words of the section, get it registered — before asking for anything beyond that ten per cent. Treat that timing as a real legal requirement, not an administrative nicety. Not for a commercial unit — see the Builder-Buyer Agreement – Commercial Unit elsewhere in this library for that. Not for the preliminary booking confirmation that precedes this Agreement — use the Allotment Letter – Residential Flat/Plot for that.

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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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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

CHANDIGARH: an agreement of this kind, to the extent it records receipt of earnest/token money before conveyance, is commonly charged on the token/earnest money actually received rather than on the full price — the same Item 22 basis this library's Agreement to Sell templates use — at 5%, plus registration and pasting fees; confirm the current figures at the Sub-Registrar, Sector 17, before execution, and confirm separately whether the specific Chandigarh project attracts a different, RERA-specific stamp treatment this drafter has not independently verified. PUNJAB: this drafter could not confirm a single, current, citable stamp rate for a residential Builder-Buyer Agreement, distinct from the Agreement to Sell an Under-Construction Flat this library already carries. Ask the Sub-Registrar or Joint Sub-Registrar of the tehsil in which the project lies before buying the stamp, and confirm whether the specific State RERA Rules for Punjab prescribe their own model agreement or stamping treatment for this document. BOTH PLACES: where the Agreement passes possession, or is otherwise found to transfer an interest under section 53A of the Transfer of Property Act, 1882, registration under section 17(1A) of the Registration Act, 1908 becomes compulsory — and, independently of that, section 13 of RERA itself contemplates this Agreement being registered once collections beyond ten per cent are taken. Confirm the current local practice on where and how a RERA agreement for sale is registered before execution.

Registration

Section 13 of the Real Estate (Regulation and Development) Act, 2016 requires this Agreement to be entered into, and registered, before the Promoter accepts more than ten per cent of the cost of the unit as an advance or application fee. Confirm the current registration mechanics with the Sub-Registrar and, separately, whether the State RERA authority's own portal or Rules prescribe a particular registration route for an agreement of this kind.

Notarisation

Not a substitute for the registration section 13 of RERA and, where applicable, section 17(1A) of the Registration Act, 1908 require.

Witnesses

Two witnesses attest execution, as is universal drafting practice for an agreement of this value and duration.

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BUILDER-BUYER AGREEMENT — RESIDENTIAL FLAT

This Agreement is made at S.A.S. Nagar (Mohali) on 1 April 2026.

BETWEEN

Northland Homes Private Limited, of SCO 45, Sector 34-A, Chandigarh 160022, PAN AAECN5678L, acting through Rohit Malhotra, Director (the "Promoter");

AND

Aarav Sharma, son of Sh. Rakesh Sharma, of House No. 211, Sector 21, Panchkula, PAN PQRSX5678L (the "Allottee").

Co-allottee(s): X

RECITALS

A. The Promoter is developing the project known as Northland Greens, Sector 82 at Sector 82, S.A.S. Nagar (Mohali) 140306, registered with the Real Estate Regulatory Authority under registration No. PBRERA-SAS83-PR0421, on land held under Sale Deed No. 118 dated 4 April 2021, registered with the Sub-Registrar, S.A.S. Nagar, with building plan sanctioned under Sanctioned by GMADA, Memo No. 4421 dated 12 January 2023.

B. The Promoter confirms it maintains the separate RERA-designated account required by section 4(2)(l)(D) of the Real Estate (Regulation and Development) Act, 2016, into which seventy per cent of the amounts realised from allottees for this project are deposited, to be used only for the land and construction cost of the project

C. The Allottee has booked, and the Promoter has agreed to sell, the unit described below, on the terms of this Agreement, consistently with section 13 of the Real Estate (Regulation and Development) Act, 2016.

NOW THIS AGREEMENT WITNESSES as follows.

1. THE UNIT

1.1 Type: Residential flat/apartment. Description: Flat No. 1204, 12th Floor, Tower C. Carpet area 950 sq ft, super area 1,320 sq ft. Parking: One covered car parking space, Basement 1.

1.2 Common areas and amenities: Clubhouse, swimming pool, landscaped gardens, power backup for common areas and one point per flat.

1.3 Specifications: Vitrified tile flooring, modular kitchen fittings as per the specification annexure, CP fittings of a specified brand.

2. PRICE AND PAYMENT

2.1 Total price: ₹65,00,000 (Rupees Sixty Five Lakh only). Break-up: Basic sale price Rs 58,00,000; car parking Rs 3,00,000; club/amenity charges Rs 4,00,000. Excludes GST, stamp duty and registration charges.

2.2 Amount paid to date: ₹6,50,000 (Rupees Six Lakh Fifty Thousand only).

2.3 Payment plan and schedule: 10% on booking; 15% on execution of this Agreement; balance in construction-linked instalments as per the schedule annexed.

2.4 GST: GST is payable by the allottee in addition to the price stated above, at the rate applicable to the project on the date of each instalment

2.5 TDS: The Allottee shall deduct tax at source under section 194-IA of the Income-tax Act, 1961 where the total price is Rs 50 lakh or more, and pay the Promoter the net amount, furnishing Form 16B

2.6 The Allottee has informed the Promoter that the purchase is financed through HDFC Bank, and the Promoter shall co-operate reasonably with that lender's disbursement requirements, including tripartite confirmation where the lender asks for it.

Questions about this document

Does the Builder-Buyer Agreement – Residential Flat need stamp paper or stamp duty in Punjab and Chandigarh?

See the full position on stamp duty, registration and witnesses

Does the Builder-Buyer Agreement – Residential Flat need registration in Punjab and Chandigarh?

See the full position on stamp duty, registration and witnesses

What does the Builder-Buyer Agreement – Residential Flat cost on Kaagazaat?

Free.

Documents are free. Only kits are paid.

Does the Builder-Buyer Agreement – Residential Flat need witnesses?

Two witnesses attest execution, as is universal drafting practice for an agreement of this value and duration.

See the full position on stamp duty, registration and witnesses

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