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Adjudication of Documents
Adjudication of Documents is the process of determining and certifying the proper stamp duty payable on an agreement or document under the Maharashtra Stamp Act, 1958. It is carried out by the Stamp Authority before or after execution of the document. The authority examines the nature, value, and terms of the document to assess correct stamp duty. This process helps avoid future disputes, penalties, or deficit stamp duty issues.
Valuation of Property
Valuation of Property is the process of determining the fair market value of a property based on its location, area, usage, and prevailing market conditions. It is carried out by a Government Approved Valuer or as per Ready Reckoner rates issued by the Government of Maharashtra. The valuation considers factors such as land value, construction cost, amenities, and industrial potential. Proper valuation ensures transparency and avoids under-valuation or legal disputes.
Registration of Documents
Registration of Documents is the legal process of recording property-related agreements with the office of the Sub-Registrar under the Registration Act, 1908. It gives legal validity and public notice of transactions such as Sale Deed, Lease Deed, or Deed of Assignment. The process involves payment of stamp duty, registration fees, and execution of the document in the presence of parties and witnesses. Once registered, the document becomes legally enforceable and admissible as evidence in court. Registration also helps in preventing fraud and ensuring transparency in property transactions.
Drafting of Agreements
Drafting of Agreements is the process of preparing legally binding documents that define the rights, obligations, and terms between parties in a transaction. It is done in accordance with applicable laws such as the Indian Contract Act, 1872. The drafting includes clauses related to payment terms, possession, liabilities, indemnity, dispute resolution, and termination. Proper drafting ensures clarity, minimizes legal risks, and avoids future disputes. It is commonly required for agreements like Sale, Lease, Leave & License, Sub-Lease, MOU, and Deed of Assignment.
Drafting of Undertaking & Indemnity Bond
Drafting of Undertaking & Indemnity Bond involves preparing legally binding documents wherein a party formally assures compliance with certain conditions and agrees to compensate for any loss or liability arising from their actions. These documents are governed by principles of the Indian Contract Act, 1872. An Undertaking is a declaration to perform or refrain from specific acts, while an Indemnity Bond protects another party against potential losses, damages, or claims. Proper drafting clearly defines responsibilities, risk coverage, and legal obligations.
Title Reports & Certified Copies
Title Reports & Certified Copies refer to the legal verification of property ownership along with officially attested copies of property-related documents obtained from government authorities. A Title Report confirms the chain of ownership, legal status, and whether the property is free from encumbrances. Certified Copies are true copies of registered documents issued by the Sub-Registrar under the Registration Act, 1908. These documents are essential for property transactions, legal due diligence, bank loans, and MIDC approvals. They ensure authenticity, transparency, and legal security in property dealings.
