Kaagazaat

Plot Buyer Agreement (Plotted Colony)

At a glance

Price: Free, always.
Stamp duty: PUNJAB: unpublished — Article 5, Sch.I-A (entry 5(c) without possession, 5(cc) with); ask the tehsil Sub-Registrar what it comes to before buying paper.
Registration: Earnest money alone isn't registrable; an agreement that gives possession is, compulsorily, under section 17(1A) of the Registration Act.
Witnesses: Two witnesses help evidence execution, not replace registration.

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Free, always.

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Also called

plot agreement plotted colony
builder buyer agreement for plot
colony plot agreement
promoter plot allotment agreement
agreement to sell plot in colony
colonizer plot agreement
प्लॉट ख़रीदार अनुबंध
ਪਲਾਟ ਖ਼ਰੀਦਦਾਰ ਇਕਰਾਰਨਾਮਾ

When you need it

A promoter is selling plots in a developed or part-developed colony in Punjab and you are buying one directly from the promoter. This agreement records the plot, the price and the payment schedule, the development works the promoter will complete (roads, sewer, water, electricity, parks), the date of possession, interest for delay as the real estate law allows, the sale deed and who bears stamp duty, and what happens if the buyer misses payments.

The promoter should show you the colony's approvals and RERA registration before you pay, and you should check them yourself. Have the agreement stamped and registered as the Sub-Registrar requires before paying more than the law allows as an advance. Not for a resale between two private owners — use the Agreement to Sell a Plot. Not for a flat or a built-up unit — use the Builder-Buyer Agreement – Residential Flat.

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

See stamp duty, registration and witnesses

What follows is written for Punjab. 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

PUNJAB: unpublished — Article 5, Sch.I-A (entry 5(c) without possession, 5(cc) with); ask the tehsil Sub-Registrar what it comes to before buying paper. If possession passes under the agreement, the Collector may charge the conveyance rate and registration becomes compulsory (section 17(1A) of the Registration Act). Stamp before signing: an unstamped agreement is inadmissible until duty plus penalty is paid (section 35 of the Stamp Act).

Registration

Earnest money alone isn't registrable; an agreement that gives possession is, compulsorily, under section 17(1A) of the Registration Act. For a registered colony, an agreement for sale should in any case be registered before more than the permitted advance is taken (section 13 of the Real Estate (Regulation and Development) Act, 2016).

Notarisation

No substitute for registration; creates no enforceability alone.

Witnesses

Two witnesses help evidence execution, not replace registration.

Request Stamp Paper

Sample preview — placeholder answers, not your data

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AGREEMENT FOR SALE OF A PLOT IN A PLOTTED COLONY

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

BETWEEN

ABC Developers Private Limited, of SCO 10, Sector 17, Chandigarh (the "Promoter"),

AND

Aarav Sharma, of House No. 211, Sector 21, Panchkula (the "Buyer").

1. The Promoter is developing the plotted colony called Green Valley Enclave. The colony has the following approvals and registration:

Licence or permission No. ____ dated ____ of the development authority; RERA registration No. ____

2. The Promoter agrees to sell and the Buyer agrees to buy Plot No. 112, measuring 200 square yards, at Green Valley Enclave, Sector 115, S.A.S. Nagar (Mohali) (the "Plot").

3. The total price of the Plot is ₹85,00,000 (Rupees Eighty Five Lakh only). The Buyer has paid ₹8,00,000 (Rupees Eight Lakh only) on signing, which the Promoter acknowledges. The balance will be paid as follows:

Rs 25,00,000 within 30 days; Rs 25,00,000 when roads and sewer are complete; the balance at the sale deed.

4. The Promoter has not taken, and will not take, more of the price before this Agreement is executed and registered than the real estate law allows.

5. The Promoter states that it has clear title to the land and the right to sell the Plot, free of any charge or dispute, except as disclosed here: None.

6. The Promoter shall complete the following development works in the colony:

Internal roads, storm-water drains, sewer, water supply, electricity connection to the plot boundary, street lights, park and boundary wall of the colony.

7. The Promoter shall give possession of the Plot by 2 April 2026. If it is late, the Promoter shall pay interest on the amounts paid by the Buyer, at the rate and in the way the real estate law and rules prescribe, until possession is given.

8. On full payment and completion of the works in clause 6, the Promoter shall execute and register the sale deed of the Plot in favour of the Buyer within 90 days. The stamp duty and registration charges on the sale deed shall be borne by the Buyer.

9. The Promoter shall not change the layout of the colony, or the area or boundaries of the Plot, without the Buyer's written consent, except as the law allows.

10. If the Buyer fails to pay an instalment when due, the Promoter shall give a written notice and 30 days to pay. If the Buyer still does not pay, the Promoter may cancel this Agreement as the real estate law permits, and shall refund the amounts paid after deducting only what that law allows.

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

12. This Agreement shall be stamped and registered as the law requires.

Signed by the parties on the date written above.

Signature: ______________________________
PROMOTER: ABC Developers Private Limited

Questions about this document

Does the Plot Buyer Agreement (Plotted Colony) need stamp paper or stamp duty in Punjab?

PUNJAB: unpublished — Article 5, Sch.I-A (entry 5(c) without possession, 5(cc) with); ask the tehsil Sub-Registrar what it comes to before buying paper.

See the full position on stamp duty, registration and witnesses

Does the Plot Buyer Agreement (Plotted Colony) need registration in Punjab?

Earnest money alone isn't registrable; an agreement that gives possession is, compulsorily, under section 17(1A) of the Registration Act.

See the full position on stamp duty, registration and witnesses

What does the Plot Buyer Agreement (Plotted Colony) cost on Kaagazaat?

Free, always.

Does the Plot Buyer Agreement (Plotted Colony) need witnesses?

Two witnesses help evidence execution, not replace registration.

See the full position on stamp duty, registration and witnesses

Often needed with this document

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