A deed of assignment transfers the assignor’s rights — most commonly the unexpired leasehold rights in land or a building — to an assignee for consideration. For MIDC, CIDCO and other authority leases, the lessor’s transfer permission is needed and a transfer charge is usually payable. In Maharashtra, assignment of a lease is stamped like a conveyance on the market value of the property, and the deed must be registered.
Where a deed of assignment is used
- MIDC industrial plots and sheds in Chakan, Talegaon, Bhosari, Ranjangaon, Thane-Belapur and Tarapur.
- CIDCO leasehold plots and other authority-allotted land.
- Old leasehold buildings held on 99-year leases from trusts or private owners.
- Assignment of rights under a development agreement or other contract, where the agreement allows it.
For an under-construction flat, see agreement to assignment. For freehold property, a sale deed is used.
Documents required for deed of assignment
Assignor
- Original lease deed and earlier assignments with Index-II
- Lessor’s transfer permission / NOC
- Up-to-date lease rent, service charge and property tax receipts
- Company documents and board resolution if a company
Assignee
- Aadhaar and PAN card or company documents
- Board resolution authorising purchase
- Passport-size photographs of signatories
Witnesses
- Aadhaar of two witnesses
How the deed of assignment process works
- Read the lease
We check the lease terms, remaining period, permitted use and the transfer clause.
- Lessor permission
We prepare the application for transfer permission and compute the transfer charge.
- Draft the deed
Assignment drafted with consideration, covenants carried forward and indemnities.
- Stamp duty
Duty calculated on market value from the Ready Reckoner and paid by e-challan.
- Register and record
Registered at the Sub-Registrar; lessor’s records updated in the assignee’s name.
Get your deed of assignment done without the guesswork
Send your details on WhatsApp. We share the exact document list and stamp-duty estimate before you pay anything.
Checks before you buy a leasehold property
- Remaining lease period and renewal terms.
- Lease rent and service charges paid up to date.
- Permitted use matches your business.
- No breach notices or pending resumption proceedings from the lessor.
- Construction completed within the lessor’s timelines (common MIDC condition).
Deed of Assignment in Pune, Pimpri-Chinchwad, Mumbai, Thane & Palghar
We handle deed of assignment for clients across these cities. What differs locally:
| City | What to know locally |
|---|---|
| Pune | Stamp duty ~7% in PMC limits (6% for women), incl. metro cess & LBT. Registered at Haveli and Pune city Sub-Registrar offices. |
| Pimpri-Chinchwad | Stamp duty ~7% in PCMC limits (6% for women), incl. metro cess & LBT. Registered at Jurisdictional Sub-Registrar office for Pimpri-Chinchwad (Haveli / Maval / Mulshi as applicable). |
| Mumbai | Stamp duty 6% in BMC limits incl. 1% metro cess (5% for women). Registered at Mumbai City and Mumbai Suburban Sub-Registrar offices. |
| Thane | Stamp duty ~7% in TMC limits (6% for women), incl. metro cess & LBT. Registered at Thane district Sub-Registrar offices (Thane, Kalyan, Bhiwandi, Ulhasnagar, Ambernath). |
| Palghar | Stamp duty ~4–7% depending on corporation, council or gram panchayat limits. Registered at Palghar district Sub-Registrar offices (Vasai, Palghar, Dahanu and others). |
Frequently asked questions
What is a deed of assignment?
It is a registered document by which a person transfers rights they hold — usually leasehold rights in land or a building — to another person for consideration.
How do you transfer an MIDC plot?
Obtain MIDC’s transfer permission, pay the applicable transfer charge, then execute and register a deed of assignment of the leasehold rights. MIDC then records the new lessee.
What is the stamp duty on a deed of assignment in Maharashtra?
Assignment of a lease is generally stamped like a conveyance on the market value of the property. We calculate it from the Ready Reckoner and the lease terms.
Is registration compulsory for a deed of assignment?
Yes, where it transfers rights in immovable property, such as leasehold rights.
How is assignment different from a sale deed?
A sale deed transfers full ownership. An assignment transfers only what the assignor holds — for example, the remaining years of a lease — and the lessor continues to own the land.
