Common use of Documentation Charges Clause in Contracts

Documentation Charges. That the transfer deed of the Apartment(s) shall be executed and registered in favour of the Purchaser(s) after the apartment have been constructed and the entire consideration together with all other dues and deposits etc, have been received by the Developer. The deed of transfer shall be drafted by solicitors/advocates appointed by the Developer and shall be in such form and contain such particulars as shall be approved by the Developer. If the Purchaser(s) do not get the deed executed and registered within the date notified, the cost and consequences of the same, including taxes/penalties levied by any authority will be to the account of the Purchaser(s).Each Purchaser(s) will also be required to pay developer documentation charges @0.75% of the total price of the apartment. The Purchaser(s) will be required to pay stamp duty, registration charges and other related charges as may be levied by the Government from time to time for registration of the deed of transfer of their respective apartments.