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Kagaznama

Tripartite Transfer of a Home Loan on Resale

At a glance

Price
Free
Stamp duty
Chargeable as an agreement not otherwise provided for (Art.5, Sch.I-A, Punjab/Chandigarh) — ask the Sub-Registrar (tehsil, or UT Chandigarh Sector 17) for the figure first.
Registration
Not automatically required for a coordination agreement, but any mortgage, assignment or property instrument that is compulsorily registrable must still follow its own registration requirements.
Witnesses
All principal signatories should execute; the lender's own document set may require witnesses even though this coordination agreement does not independently.

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Also called

  • home loan resale tripartite agreement
  • loan takeover on allotment resale
  • lender-promoter resale agreement

When you need it

For reselling an under-construction unit where the outgoing allottee still has a home loan and the incoming buyer is also financing. Three steps must line up: the outgoing lender's payoff, the promoter's substitution, and the incoming lender's disbursement.

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Records the payoff statement, sanction, disbursement waterfall and reversal mechanics — doesn't itself discharge or create a mortgage. Without it, proceeds can be paid before substitution, or the old charge left outstanding.

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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

Chargeable as an agreement not otherwise provided for (Art.5, Sch.I-A, Punjab/Chandigarh) — ask the Sub-Registrar (tehsil, or UT Chandigarh Sector 17) for the figure first. Neither the incoming lender's mortgage nor the outgoing lender's release — each separately stamped. Stamp before/at signing (s.17); unstamped, inadmissible until duty+penalty paid (s.35).

Registration

Not automatically required for a coordination agreement, but any mortgage, assignment or property instrument that is compulsorily registrable must still follow its own registration requirements.

Notarisation

Not required for an allotment/booking transfer; doesn't replace registration where the operative instrument needs it.

Witnesses

All principal signatories should execute; the lender's own document set may require witnesses even though this coordination agreement does not independently.

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Sample preview — placeholder answers, not your data

TRIPARTITE TRANSFER OF A HOME LOAN ON RESALE

Agreement date: 1 April 2026

Outgoing allottee: Harpreet Singh, Sector 35, Chandigarh. Incoming allottee: Aarav Sharma, Sector 21, Panchkula. Promoter: ABC Developers Pvt Ltd, Airport Road, SAS Nagar, Punjab.

Project: ABC Heights. RERA no.: PBRERA-SAS79-PR0123. Unit: Tower B, Apartment 804, Apartment/flat - 3 BHK apartment, 1,850 sq ft super area, one basement parking right..

Original booking price: ₹1,20,00,000 (Rupees One Crore Twenty Lakh only). Paid to promoter: ₹60,00,000 (Rupees Sixty Lakh only). Promoter balance: ₹60,00,000 (Rupees Sixty Lakh only).

  1. 1. OUTGOING LOAN

Outgoing lender: ABC Bank Ltd. Loan reference: Home loan ending 1188. Payoff amount: ₹35,00,000 (Rupees Thirty Five Lakh only), valid until 2 April 2026.

  1. 2. INCOMING FINANCE

Incoming lender: XYZ Housing Finance Ltd. Sanction: ₹70,00,000 (Rupees Seventy Lakh only). Disbursement route: Incoming lender pays outgoing lender directly up to payoff amount and balance follows closing instructions. Details: ₹35 lakh to ABC Bank; ₹25 lakh to promoter; balance to transferor after substitution..

  1. 3. DOCUMENTS

Original-document route: Outgoing lender releases originals directly to incoming lender after payoff.

  1. 4. PROMOTER

Promoter confirmation: Promoter recognises proposed substitution subject to full transfer formalities.

  1. 5. SECURITY

Outgoing charge release: Only after cleared payoff and lender-issued release or NOC. Incoming security: Only after its loan/security documents and promoter substitution are completed.

  1. 6. FAILURE

Failure/reversal: No lender releases security or documents except under agreed reversal instructions.

This agreement coordinates the resale and finance process. It does not itself constitute the outgoing lender's discharge instrument or the incoming lender's mortgage/security document.

  1. 7. EXECUTION

 
 
______________________________
Signature
Outgoing allottee: Harpreet Singh
Place: ____________________
Date: 1 April 2026

 
 
______________________________
Signature
Incoming allottee: Aarav Sharma
Place: ____________________
Date: 1 April 2026

 
 
______________________________
Signature
Promoter: Authorised Signatory, ABC Developers Pvt Ltd
Place: ____________________
Date: 1 April 2026

PERSONAL DATA NOTICE

This notice is given under the Digital Personal Data Protection Act, 2023.

Personal data in this document is collected only to coordinate the lender payoff, promoter substitution, incoming disbursement and document custody for the financed resale, communicate about that purpose, verify expressly supplied transaction information, and retain an evidentiary record.

Questions about this document

Does the Tripartite Transfer of a Home Loan on Resale need stamp paper or stamp duty in Punjab and Chandigarh?

Chargeable as an agreement not otherwise provided for (Art.5, Sch.I-A, Punjab/Chandigarh) — ask the Sub-Registrar (tehsil, or UT Chandigarh Sector 17) for the figure first.

See the full position on stamp duty, registration and witnesses
Does the Tripartite Transfer of a Home Loan on Resale need registration in Punjab and Chandigarh?

Not automatically required for a coordination agreement, but any mortgage, assignment or property instrument that is compulsorily registrable must still follow its own registration requirements.

See the full position on stamp duty, registration and witnesses
What does the Tripartite Transfer of a Home Loan on Resale cost on Kagaznama?

Free.

Documents are free. Kits are free during our launch.

Does the Tripartite Transfer of a Home Loan on Resale need witnesses?

All principal signatories should execute; the lender's own document set may require witnesses even though this coordination agreement does not independently.

See the full position on stamp duty, registration and witnesses

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