Faqs

There are two documents executed between Builder-Buyer for purchase of a flat as mentioned below:-

1. Agreement to Sale will be executed at the time of booking of the flat.
2. Sale Deed to be executed before taking possession of the flat.

Please note: Both of these documents are executed in the formats provided by the Government.

1. RERA Carpet Area means the net usable floor area of an apartment, excluding the area covered by the external walls, areas under services shafts, exclusive balcony or verandah area and exclusive open terrace area, but includes the area covered by the internal partition walls of the apartment.
2. Built-up Area means the RERA Carpet area plus the area covered by external walls, Balcony and open terrace areas.
3. Super Built-up Area means the Built-up area plus corridor, lifts, staircases etc and covered area used for amenities like clubhouse.

RERA act states that registered documents are to be executed in terms of RERA Carpet Area and measurement to be recorded in square meter units.

GST – 5%*
Stamp Duty – 5%*
Registration – 2%*

Odisha Stamp (Amendment) Rules, 2013 has fixed the stamp duty to a tune of 5%. A 1% rebate* for women, i.e. 4%, if the registration of a property vide purchase or gift is executed in the name of a woman.

*Rates and rebates provided here are subject to change according to regulation of the Government.