After you’ve booked a property (paid token/booking amount) in Saket / South Delhi, you’re entering the most critical phase—where the deal becomes legally solid or risky if handled casually.
Here’s the exact sequence you should follow 👇
🧭 1. Get Written Confirmation of Booking
Right after paying token:
- Take a signed receipt from seller
- Mention:
- Amount paid
- Agreed price
- Refund conditions
- Timeline for next steps
👉 This protects you if the deal falls through.
⚖️ 2. Start Legal Due Diligence (Immediately)
Don’t delay this even by a day.
Hire a property lawyer to verify:
- Clear ownership title
- Previous sale deed chain
- Freehold vs leasehold status
- Property tax paid
- Any loan / mortgage on property
- Approved building plan
👉 If anything is wrong:
- Renegotiate OR
- Exit safely (based on token terms)
📄 3. Draft Agreement to Sell (ATS)
Once basic checks are okay:
ATS will include:
- Final agreed price
- Payment schedule
- Registry timeline
- Penalty clauses
- Possession details
👉 This is your main legal safety document
💡 Never sign without legal review.
🖊️ 4. Sign ATS & Pay Advance
- Usually 10%–30% of property value paid at this stage
- Both buyer & seller sign
👉 After this:
The deal becomes legally binding
🏦 5. Start Home Loan Process (If Needed)
Submit documents to bank:
- ATS
- Property documents
- Income proof
Bank will:
- Do legal verification
- Do technical valuation
- Approve loan
👉 Takes ~2–4 weeks
📑 6. Document Collection & Verification (Parallel Step)
Ensure you collect copies of:
- Title documents
- Chain papers
- NOCs (if applicable)
- ID proofs of seller
👉 Keep everything organized—this avoids last-minute panic.
💵 7. Arrange Funds for Final Payment
Before registry:
- Arrange:
- Own funds
- Loan disbursement
👉 Ensure no delay, or penalties may apply.
🖊️ 8. Prepare for Registry
Pre-registry tasks:
- Calculate stamp duty (~6–7% in Delhi)
- Book sub-registrar appointment
- Prepare sale deed
👉 Your lawyer usually handles this.
🏁 9. Final Registry (Ownership Transfer)
At registrar office:
- Sign sale deed
- Pay stamp duty
- Property officially registered in your name
👉 This is the final legal transfer
🔑 10. Possession & Handover
After registry:
- Get keys
- Collect:
- Original documents
- Completion certificate (if any)
- Transfer utilities (electricity, water)
📂 11. Post-Purchase Formalities
Often ignored, but important:
- Mutation in municipal records
- Update property tax ownership
- Inform RWA/society
⚠️ What Can Go Wrong After Booking?
Be careful here:
❌ Token terms unclear → money stuck
❌ Legal issue discovered late
❌ Seller delays paperwork
❌ Loan rejection
❌ Price dispute reopens
🧠 Pro Tips (South Delhi Specific)
✔️ Move fast after booking
✔️ Don’t trust verbal commitments
✔️ Always use a lawyer
✔️ Double-check builder floors carefully
📊 Timeline After Booking
| Step | Time |
|---|---|
| Legal check | 5–10 days |
| ATS signing | 3–7 days |
| Loan process | 2–4 weeks |
| Registry | 1 week |
👉 Total: 3–6 weeks typical
🏁 Final Summary
✔️ After booking:
Legal check → ATS → Advance payment → Loan → Registry → Possession
💡 One-Line Truth:
“Booking is just the entry—ownership comes only after registry.”