Kaagazaat

Indemnity-cum-Undertaking at Possession

At a glance

Price: Free, always.
Stamp duty: An indemnity or undertaking is chargeable under Article 34, Schedule 1-A at the security-bond rate of Article 57, a nominal figure rather than ad valorem; ask the e-stamp vendor or Sub-Registrar for the current duty before buying paper.
Registration: Not compulsorily registrable: it creates no interest in the property.
Witnesses: Two adult witnesses who are not parties are good practice.

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Free, always.

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Also called

undertaking at possession
indemnity cum undertaking flat possession
builder indemnity bond at handover
possession undertaking
indemnity bond for flat possession
क़ब्ज़ा वचनपत्र
ਕਬਜ਼ਾ ਵਚਨ-ਪੱਤਰ

When you need it

The builder asks you to sign an indemnity-cum-undertaking when you take possession. This version records what a buyer can fairly promise: to use the unit for the agreed purpose, pay maintenance when due, not to change the structure or the look of the building without permission, and follow the building's rules, and to make good the builder's proved loss caused by the buyer's own breach.

It says in plain words that nothing in it gives up your rights under the agreement or the real estate law, including for delay, area, defects and excess charges. If the builder's own form asks you to give up those rights, do not sign it as it stands; use this version, or sign the builder's form only under protest. Not for a bank or a lender — use the General Indemnity Bond. Not for taking possession under objection — use Possession Acceptance under Protest.

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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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

An indemnity or undertaking is chargeable under Article 34, Schedule 1-A at the security-bond rate of Article 57, a nominal figure rather than ad valorem; ask the e-stamp vendor or Sub-Registrar for the current duty before buying paper.

Registration

Not compulsorily registrable: it creates no interest in the property. It may be registered voluntarily.

Notarisation

Notarisation is common because builders ask for it, but the law does not require it.

Witnesses

Two adult witnesses who are not parties are good practice.

Request Stamp Paper

Sample preview — placeholder answers, not your data

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UNDERTAKING-CUM-INDEMNITY AT POSSESSION

I, Aarav Sharma, of House No. 211, Sector 21, Panchkula (the "Buyer"), give this undertaking and indemnity to ABC Developers Private Limited, of SCO 10, Sector 17, Chandigarh (the "Builder"), on 1 April 2026 at Panchkula.

1. I am the allottee of Flat No. 304, Tower B in the Builder's project Green Park Heights under the agreement dated 2 April 2026. I took possession of the unit on 3 April 2026.

2. I undertake that I will:

(a) use the unit for residential purposes only;
(b) pay the maintenance and other charges for common services to the project's maintenance agency, or the residents' association once it is formed when they fall due, as the agreement and the law allow;
(c) not change the structure, the outer look or the common areas of the building without the written permission of the Builder or the association and every approval the law requires; and
(d) follow the lawful rules for the use of the building and its common areas.

3. If the Builder suffers a loss or has to pay a claim to a third party because I break this undertaking, I will make good the loss the Builder proves, after giving me notice of the claim and a fair chance to deal with it.

4. Nothing in this undertaking gives up any right of mine under the agreement or the real estate law. This includes my rights about delay, the area of the unit, defects and the refund of any excess charge, and my right to approach the Real Estate Regulatory Authority or a court. This undertaking does not reduce what the Builder must do under the agreement and the law.

5. The Builder's duties under the agreement continue, including repair of defects and execution of the conveyance deed, as the agreement and the law require.

6. Any dispute under this undertaking may be taken to the courts at S.A.S. Nagar (Mohali) or to the Real Estate Regulatory Authority, as the law allows.

Signature: ______________________________
BUYER: Aarav Sharma

Witness 1: ______________________________ Name and address: ______________________________
Witness 2: ______________________________ Name and address: ______________________________

Questions about this document

Does the Indemnity-cum-Undertaking at Possession need stamp paper or stamp duty in Punjab and Chandigarh?

See the full position on stamp duty, registration and witnesses

Does the Indemnity-cum-Undertaking at Possession need registration in Punjab and Chandigarh?

Not compulsorily registrable: it creates no interest in the property.

See the full position on stamp duty, registration and witnesses

What does the Indemnity-cum-Undertaking at Possession cost on Kaagazaat?

Free, always.

Does the Indemnity-cum-Undertaking at Possession need witnesses?

Two adult witnesses who are not parties are good practice.

See the full position on stamp duty, registration and witnesses

Often needed with this document

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