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Kagaznama

Assignment of Booking Rights

At a glance

Price
Free
Stamp duty
Depends on the assignment's legal effect and consideration — not a completed conveyance merely because the unit is identified; verify the Punjab/Chandigarh article.
Registration
Not automatic here — reassess if a registrable interest transfers, or the agreement requires registration.
Witnesses
Both sign; two witnesses help, promoter process permitting.

Free

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Guided questions, full draft on screen, download in Word.

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Also called

  • booking rights assignment
  • allotment rights transfer
  • pre-possession booking transfer

When you need it

For moving a booked apartment/plot/shop's contractual rights to another person before final conveyance — not yet a sale deed. Separates the transferor's promoter-facing rights from the transferee's payment obligations, instalments, transfer charges, and the promoter's approval procedure.

Read more

RERA s.13/s.19 still matter — RERA gives no universal right to transfer regardless of the allotment terms.

Whether you can fill this in here

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You can fill this one in on this site, and read the whole draft on screen before you decide anything about it. It is a carefully drafted template; it is not advice about your own facts.

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See stamp duty, registration and witnesses

What follows is written for Punjab and Chandigarh. It states the position there rather than describing how it varies, so the amounts below are the ones that apply — worth confirming at the sub-registrar’s office, because rates change. If the property is anywhere else in India, none of this is yours.

Stamp duty

Depends on the assignment's legal effect and consideration — not a completed conveyance merely because the unit is identified; verify the Punjab/Chandigarh article. Stamp before signing (s.17); if unclear, get it adjudicated by the Collector first (s.31). Unstamped: inadmissible until duty+penalty paid (s.35).

Registration

Not automatic here — reassess if a registrable interest transfers, or the agreement requires registration.

Notarisation

Not required here; it doesn't replace needed registration.

Witnesses

Both sign; two witnesses help, promoter process permitting.

Request Stamp Paper

Sample preview — placeholder answers, not your data

ASSIGNMENT OF BOOKING RIGHTS

Assignment date: 1 April 2026

  1. 1. EXISTING BOOKING

Transferor Harpreet Singh, of Sector 35, Chandigarh, holds booking/allotment rights in ABC Heights under Allotment AL-804 dated 10 January 2025 for Tower B, Apartment 804, being Apartment/flat: 3 BHK apartment, 1,850 sq ft super area, one basement parking right..

Promoter: ABC Developers Pvt Ltd, Airport Road, SAS Nagar, Punjab. RERA project no.: PBRERA-SAS79-PR0123. Original booking price: ₹1,20,00,000 (Rupees One Crore Twenty Lakh only). Paid to promoter: ₹60,00,000 (Rupees Sixty Lakh only). Balance to promoter: ₹60,00,000 (Rupees Sixty Lakh only).

  1. 2. ASSIGNMENT

The Transferor assigns to Aarav Sharma, of Sector 21, Panchkula, with effect as stated in clause 3, the following: All contractual booking and allotment rights capable of transfer.

Inter-party assignment consideration: ₹25,00,000 (Rupees Twenty Five Lakh only). Advance paid: ₹5,00,000 (Rupees Five Lakh only). Balance: ₹20,00,000 (Rupees Twenty Lakh only). Balance trigger: On promoter's written transfer approval.

Where the law requires the Transferee to deduct tax at source from the assignment consideration, the Transferee deducts it, deposits it within the time allowed and gives the Transferor the certificate; tax properly deducted and deposited counts as payment of that much of the consideration.

  1. 3. PROMOTER APPROVAL

Promoter-facing effectiveness: Assignment takes effect only after promoter's written consent or substitution.

Transfer charges: Transferor bears promoter transfer charges.

Future instalments: Transferee pays instalments falling due after effective transfer.

  1. 4. FAILURE OF TRANSFER

If required promoter approval is refused, the agreed treatment is: Transferor refunds the inter-party advance within the stated period. Refund period: 7 days.

  1. 5. REPRESENTATIONS AND POSSESSION

Booking-right representation: Booking rights are subsisting and no undisclosed transfer or charge has been created.

Pre-completion possession/access: Transferee receives no possession or project access merely from this assignment. Special terms: Original allotment documents to be handed over after substitution.

This assignment transfers only the contractual/allotment rights that are legally and contractually capable of transfer. It does not itself operate as the final conveyance of the completed immovable property.

  1. 6. EXECUTION

 
 
______________________________
Signature
Transferor: Harpreet Singh
Place: ____________________
Date: 1 April 2026

 
 
______________________________
Signature
Transferee: Aarav Sharma
Place: ____________________
Date: 1 April 2026

Questions about this document

Does the Assignment of Booking Rights need stamp paper or stamp duty in Punjab and Chandigarh?

Depends on the assignment's legal effect and consideration — not a completed conveyance merely because the unit is identified; verify the Punjab/Chandigarh article.

See the full position on stamp duty, registration and witnesses
Does the Assignment of Booking Rights need registration in Punjab and Chandigarh?

Not automatic here — reassess if a registrable interest transfers, or the agreement requires registration.

See the full position on stamp duty, registration and witnesses
What does the Assignment of Booking Rights cost on Kagaznama?

Free.

Documents are free. Only kits are paid.

Does the Assignment of Booking Rights need witnesses?

Both sign; two witnesses help, promoter process permitting.

See the full position on stamp duty, registration and witnesses

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