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Settlement of Arrears Agreement

At a glance

Price
₹399 · GST included
Stamp duty
Punjab/Chandigarh: Article 5, Schedule I-A applies (agreement not otherwise provided for); the exact denomination wasn't confirmed for either.
Registration
Punjab and Chandigarh: not registrable under s.17, Registration Act, 1908 — settles monetary arrears only, no right in immovable property.
Witnesses
Punjab and Chandigarh: The Society and Member sign; independent attesting witnesses are not required for this monetary settlement.

₹399

GST included

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For a negotiated payment schedule, waiver or interest arrangement settling arrears instead of statutory recovery — must be precise, since a vague instalment promise creates a second dispute. State the admitted principal, interest, settlement amount, payment dates, cure period, and the release on full performance. S.55, Punjab Co-operative Societies Act, 1961 stays relevant if a dispute is before the Registrar (Chandigarh: same Act, 1963 Rules). No essential-service disconnection; Registrar-filed consent terms must match the settlement.

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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

Punjab/Chandigarh: Article 5, Schedule I-A applies (agreement not otherwise provided for); the exact denomination wasn't confirmed for either. Buy the stamp before signing (s.17, Stamp Act 1899); the Collector can adjudicate under s.31 if unclear. Under s.35, an insufficiently stamped instrument is inadmissible until cured.

Registration

Punjab and Chandigarh: not registrable under s.17, Registration Act, 1908 — settles monetary arrears only, no right in immovable property.

Notarisation

Punjab and Chandigarh: Notarisation is not required for this monetary settlement agreement.

Witnesses

Punjab and Chandigarh: The Society and Member sign; independent attesting witnesses are not required for this monetary settlement.

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

SETTLEMENT OF ARREARS AGREEMENT

Agreement date: 1 April 2026

Society: ABC Cooperative House Building Society Ltd, registration CHD/COOP/118, Sector 48, Chandigarh. Member: Aarav Sharma, member no. M-118, Flat 804, Sector 48, Chandigarh, unit Flat 804.

SETTLEMENT ACCOUNT

Principal admitted: ₹25,000 (Rupees Twenty Five Thousand only). Interest admitted: ₹25,000 (Rupees Twenty Five Thousand only). Conditional waiver: ₹25,000 (Rupees Twenty Five Thousand only). Settlement total: ₹25,000 (Rupees Twenty Five Thousand only).

PAYMENT SCHEDULE

Structure: Single payment. First payment: 2 April 2026. Final payment: 3 April 2026. Regular instalment: ₹25,000 (Rupees Twenty Five Thousand only). Schedule: X.

INTEREST AND DEFAULT

Interest treatment: Interest frozen while the schedule is kept. Details: X. Cure period: 25,000 days. Uncured default: Original admitted dues revive after crediting payments and lawful waivers lapse.

PROCEEDINGS AND FUTURE DUES

Pending case: X. Proceeding treatment: Proceeding stayed while settlement is performed. Future/current dues: X. Release after performance: Society confirms settlement of identified arrears period only.

RECORD PARTICULARS

Which jurisdiction applies? Punjab

What society/property record identifies the unit? Share Certificate SC-118

What committee/general-body resolution supports the action? Resolution 14 dated 01 September 2026

Questions about this document

Does the Settlement of Arrears Agreement need stamp paper or stamp duty in Punjab and Chandigarh?

Punjab/Chandigarh: Article 5, Schedule I-A applies (agreement not otherwise provided for); the exact denomination wasn't confirmed for either. Buy the stamp before signing (s.17, Stamp Act 1899); the Collector can adjudicate under s.31 if unclear. Under s.35, an insufficiently stamped instrument is inadmissible until cured.

Does the Settlement of Arrears Agreement need registration in Punjab and Chandigarh?

Punjab and Chandigarh: not registrable under s.17, Registration Act, 1908 — settles monetary arrears only, no right in immovable property.

What does the Settlement of Arrears Agreement cost on Kaagazaat?

₹399, GST included.

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

Does the Settlement of Arrears Agreement need witnesses?

Punjab and Chandigarh: The Society and Member sign; independent attesting witnesses are not required for this monetary settlement.

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