The consideration price in e-stamp is the total value of funds pertaining to any purchase/sale transaction entered between two or more parties.
Estamp paper consideration value mentioned as zero
Dear sir, I am entering into a agreement of my flat sale wherein estamp paper for Rs 100 are purchased. The consideration value mentioned on the said e stamp paper is zero. Is it always zero or should the entire amount of sale consideration should be mentioned.
Asked 4 years ago in Property Law
Religion: Hindu
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5 Answers
Dear sir/ma'am,
Consideration amount is the total value of funds involved in any purchase/sale transaction entered between two or more parties. This amount cannot be equivalent to zero. According to Indian Contract Act, any agreement without consideration is void. Please verify the authenticity of the stamp paper by visiting the website which you have used to generate the e-stamp. After that Click on “Verify e-Stamp Certificate' and fill the required details. If you are unable to access such e-stamp certificate, you will have to resubmit an application for a fresh e-stamp certificate that includes the consideration amount. Thank you.
sir it is just a formality and you need not to go into details of it. since people do not give details of the transactions to the stamp paper vendor therefore they mention the amount generally. do not worry as it is not important.
The estamp need not have a mention bout the consideration amount.
The consideration amount shall be mentioned in the agreement attached to the estamp paper.
If the consideration mentioned zero on agreement, such agreement is null and void. Agreed consideration has to be mentioned on the agreement only then such agreement can be enforced otherwise not.
