Customer's Guide

What does market value of the property mean? Is stamp duty payable on market value or on agreement value as stated in the agreement?

Market value means the price at which a property could be bought in the open market on the date of execution of such instrument. The Stamp Duty is payable on the agreement value of the property or the market value whichever is higher.

What instruments attract the payment of stamp duty?

Agreement to sell, Gift Deed, Partition Deed, Exchange of Property, Conveyance Deed, Settlement, Deed and Transfer of Lease and Power of Attorney are the instruments that attract Stamp Duty on market value of the property.

What is the eligibility criteria for housing loan?

- Salaried or self-employed with regular income.

- Minimum age of applicant should be 21 years

When can I apply for home loan and steps involved in the process?

Home Loan can be applied even before selecting the property or commencement of construction. Knowing your loan amount helps you decide your budget and plan the purchase of the property.

Stages of the home loan process :

- Sanction of the loan amount.

- Disbursement of loan as per progress of construction.

Resident of India

- Residence proof (Driver’s License/Ration Card/Passport/Voters Id/AADHAAR) – Self Attested.

- Passport-size photographs (Per Applicant).

- Copy of PAN Card – Self Attested.

- Cheque Book


- 2 Passport-size photographs (Per Applicant)

- Cheque payments should be received from the NRE/NRO/FCNR account of the customer only, or via foreign remittance. Payment from third party accounts is not acceptable.

- Copy of Individual’s passport/Copy of Person of Indian Origin (PIO) card.

Private Limited Company

- Articles of Association & Memorandum of Agreement duly signed by the Company Authorities

- Passport-size photographs (for Signatory authorized to buy property on behalf of the Company)

- Board Resolution authorizing the signatory of the Application Form to buy property on behalf of the Company

- Copy of PAN Card of the Company (Attested

Cheque Book

Partnership Firm

- Copy of Partnership Deed Authority letter from the other Partners of the Partnership Firm to authorize the Partner who will be signing on the firm’s behalf.

- Copy of PAN Card of the Partnership Firm – attested by the Partners

- Passport-size photographs (for Partner authorized to sign on behalf of the Firm).

Cheque Book.