Agreement Value
The sale price mentioned in the property sale agreement, used (with circle rate) for stamp duty calculation.
Agreement Value is the negotiated price between buyer and seller stated in the Agreement to Sell or Sale Deed.
Stamp Duty Calculation
- Agreement Value
- Circle Rate value
Why it matters
- Undervaluing agreement to save duty = Penalty + future loan/property tax issues
- Banks verify via registered agreement
Best Practice: Keep agreement value close to circle rate to avoid scrutiny. Get valuation report.
UP Specifics: IGRS UP portal mandates online calculation. Women get rebate (6% vs 7%).
Examples
Agreement ₹90 Lakh, Circle ₹95 Lakh = Duty on ₹95 Lakh
Under-reporting to ₹70 Lakh risks 10x penalty if detected