INDEMNITY
(on non-judicial stamp paper worth Rs.100/-)
THIS DEED OF INDEMNITY is executed at_________________ this_______________
day of ___________200____ by Shri/Smt./Kumari/M/s___________________________
s/o/w/o/d/o Shri_________________________________________aged______________
resident of_______________________________________________________________
(hereinafter called the new assessee), which expression shall always include
his heirs, executors, administrators and assigns in favour of the Municipal
Corporation of Delhi (hereinafter called ‘the Corporation’), which
expression shall include its heirs, executors, administrators and assigns.
WHEREAS Shri/Smt./Km.M/s_______________________________________________
is the recorded owner of property bearing Municipal
No.__________________________
And has been the person primarily liable for making payment of property
taxes leviable under the DMC Act to the Corporation.
AND WHEREAS the said Shri/Smt/Km._______________________________________
had died on_____________________________/has transferred the said property
bearing
No.___________________________________________________ vide Registered Deed
No.___________________________dated____________________ by way of sale/
perpetual lease/gift-dded/mortgage with possession/exchange of immovable
property and the same New Assessee became the owner of the said property
wholly/partly to the extent of ______________share therein distinctly shown
in the plan submitted along with the application for mutation/sub-division.
AND WHEREAS the New Assessee has now moved an application under Section 128
of the Delhi Municipal Corporation Act, 1957 (as amended in 2003), read with
the Bye-laws made there -under for mutation/sub-division of the property
referred to above, in respect of the portion of which he/she is now the
owner.
AND WHEREAS pending final disposal of and decision on the aforesaid
application, the Corporation has provisionally agreed to mutate/sub-divide
the said premises in favour of the New Assessee for the purpose of
levy/collection of property taxes (only) under the Delhi Municipal
Corporation Act, 1957, on the following terms & conditions:
1. That the New Assessee shall provide to the Corporation all the relevant
documents and information on the basis of which the said
mutation/sub-division is claimed.
2. That the New Assessee shall also furnish a site plan of the premises
distinctly showing the respective portion therein of which the New Assessee
claims mutation/sub-division.
3. That the New Assessee also agrees to the revision/re-assessment of the
portion of the premises of which he/she is seeking mutation/sub-division
provided that the same is otherwise warranted under the Act and the Bye-laws
framed there -under.
4. That the New Assessee also agrees that in case by allowing sub-division
of the premises under reference if the rate -able value or any portion
thereof is reduced to Rs.1000/- per annum below, the same shall be reckoned
with and reasonably enhanced so as to bring the same out of the exemption
limits;
5. That the New Assessee agrees to make the payment of arrears of property
taxes on the existing rateable values or the rateable values that may be
fixed in the pending 126 proposals or the proposals to be issued hereinafter
or the demand arising on the taking of any pending increase action or due to
mistake in the calculation of taxes. The New Assessee also agrees that
he/she shall not agitate or object to the disposal of 126 proceedings (since
repealed) already initiated against the previous owners; and
6. That the New Assessee undertakes to indemnify the Corporation against all
costs, damages, losses, claims etc. which the Corporation may have to
suffer, undergo or pay as a result of mutation/sub-division of the property
in the name of the New Assessee.
NOW, THEREFORE, THESE PRESENT WITNESSTH:
That in pursuance of conditions hereinbefore mentioned, which the New
Assessee has accepted without any condition or reservation, the New Assessee
hereby agrees to indemnify and keep harmless the said Corporation against
all damages, losses, claims, costs etc. which the Corporation may have to
suffer, undergo, incur or pay as a result of mutation/sub-division of
property bearing No.___________________________________
As per plan attached with the application for mutation.
IN WITNESS WHEREOF the New Assessee, as aforesaid, has set and subscribed
his hand on these presents, on the day, month and year first above written.
(Shri/Smt.)
New Assessee
Seal of Municipal Corporation of Delhi
Signed and delivered by the within named
The New Assessee in the presence of:
Our Brokerage: Rent: Equivalent to one month's rent : Sale: Equal to 2% of
the deal value. Service tax extra (10.2%) Short term let: 15% of the gross.
TDS on brokerage - 5.61% TDS on rent - 16.83%
Lease, sale, franchise, collaborations etc. Residential, Office, Industry,
Retail, School etc. Delhi, Gurgaon, Noida, Faridabad, Ghaziabad.
Email:
swagatamwebsite@gmail.comDisclaimer