Documents required are Sale Deed, Memorandum of Understanding between you and previous owner of stilt parking, Transfer Affidavit, Power of Attorney (irrevocable POA), NOC from Society.

For such parking purchase better to register before Registrar by paying required stamp duty.

Take a receipt from previous owner of paid charges to builder of stilt parking

Obtain NOC from society for transfer of stilt car parking slot

2) you have to pay stamp duty on sale agreement entered into for purchase of parking slot

3) stamp duty would depend upon consideration paid by you for purchase of slot

1. Noc from the society is required, further a sale deed can be made and it should be registered.

2. Stamp duty shall be paid on consideration amount under the sale deed, value of stamp duty shall calculate at rate 5 percent of total sale value. Further confirm the stamp duty while registering the deed at registrar office.

1. There is no special document required to buy stilt parking.

2. However check whether there is any Society rules which prohibit outsiders to won only the stilt parking without owning a flat in the society.

3. An unregistered sale agreement does not give title to the seller so he can sell the stilt parking to you.

4. So ask for a registered deed of conveyance showing his ownership over the property.

Do get the property papers checked by a local advocate.

1. Car park can be sold under one single agreement itself. That is under the flat sale agreement

2. Separate agreement is not needed

3. Stamp duty will be calculated by taking 25% of circle rate under ready reckoner multiplied by area of car park. The registration agent can tell you exact figure

Dear Client,

It has be through registered sale deed, parking with specific area and location in the building should mention in the sale deed. All the original papers from the origin of property shall be deliver to new purchaser. Original regsiterd agreement through which seller purchased the parking from builder.

Stamp duty is payable. 2 lacs minimum.

1. Sale of parking space is illegal. In 2013, the Bombay High Court ruled that approved parking spaces within a building were common areas for society members and could not be sold. Developers circumvent the restriction by collecting payment for car-parking spaces in cash.

However, Under the new rules, approved parking spaces, both covered and open, can be sold. In a bid to regulate it, the government has mandated that developers must formally disclose details of this sale. The government has also permitted builders to demarcate such parking spaces sold. Prevailing rules grant the cooperative housing society the powers to distribute parking space among members.

If the vendor has a legal document to prove that he owns the car parking space, you may obtain that and get a registered sale deed executed on that basis in this regard.

2.If this purchase is to be effected through a registered document then necessary stamp duty has to be paid accordingly.

You'll have to obtain No Objections Certificate from the society and deed of conveyance in your favour. Also, registration of the deed of Conveyance is mandatory.

You'll have to pay stamp duty on the said purchase as per the circle rate and it should be always conciled with the registrar office.

This is my response to you:

1. You will need to execute a transfer deed on stamp paper and notarize the same;

2. No you don'y have to pay stamp duty on that since it is part of the common area of the building;

3. Just make sure the society gives an NOC for the sale of the parking space.