Deposit of title deeds
C. Murali
(Querist) 21 January 2012
This query is : Resolved
Deposit of title deed by firm A for 1000000 and firm B for 3000000 totalling 4000000 both owned by same person avails loan form a bank.What is the stamp duty chargeable in Tamil Nadu. Is it only one duty or two stamputy payable?
ajay sethi
(Expert) 21 January 2012
article in Hindu Online which states the changes as follows
"In the case of title deeds, the ceiling on stamp duty has been revised from Rs. 5,000 to Rs. 25,000 and the cap on registration fee from Rs.1,000 to Rs. 5,000. However, there is no change in the quantum of the duty and the fee which remain at 0.5 per cent and one per cent respectively. "
Sankaranarayanan
(Expert) 21 January 2012
i do agree with mr sethi on this regard
prabhakar singh
(Expert) 21 January 2012
Is it this Mr.Sethi??????????
http://www.hindu.com/2009/06/30/stories/2009063058940300.htm
If yes!Then please recheck your answer?
Raj Kumar Makkad
(Expert) 21 January 2012
The link provided by prabhakar singh speaks other than the reply of sethi. So all readers are required to go through the link.
C. Murali
(Querist) 22 January 2012
Thank your Mr. Sethi. However I need a claarfication suppose the loan amount is 1crore for one firm 2 crores for another firm toatalling 3 crores, Do ihave pay stamp duty of Rs 25000/ for each loan. Please clarify.
ajay sethi
(Expert) 22 January 2012
mr prabhakar singh i got the refernce of hindu online edition from a post in lawyers club in August 2011
www.lawyersclubindia.com › ... › Property Law › MortgageCachedNot helpful? You can block www.lawyersclubindia.com results when you're signed in to search.www.lawyersclubindia.com
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6 posts - 4 authors
I have been asked to do carry out equitable mortgage registration . The Tamil nadu Government has recently hiked the Stamp Duty and Registration ... by virture of an amendment in TN..... there is no point in waiting for reduction in stamp duty.
ajay sethi
(Expert) 22 January 2012
yes you will have to pay separate stamp duty on each loan .
Shonee Kapoor
(Expert) 23 January 2012
Seperate duty would be my answer too.
Regards,
Shonee Kapoor
harassed.by.498a@gmail.com
Guest
(Expert) 10 December 2014
Well Attended
Anirudh
(Expert) 10 December 2014
SHAME ON THIS FELLOW TO ATTEND THIS TWO YEAR OLD QUERY.
HE IS TRYING ALL THESE GIMMICS TO HIDE HIS FALSE AND FRADULENT PROFILE.
This fellow cannot even be a last person one can consult for any advice.
This fellow is good for nothing. Many a times he gives advices which are not supported by law.
TAKE THIS FELLOWS FALSITY IN HIS PROFILE. THIS FELLOW ATTACHES MORE IMPORTANCE TO THE PROFILE, WHILE HE IS FILLING UP TOTAL FALSE HOOD IN HIS PROFILE.
please visit the following link:
http://www.lawyersclubindia.com/lawyers_search/N-J-S-Rajkumar-alias-narasimha-254519.asp#.VIcRwmeHPFx
where he claims that he is practising from 2001, while as already indicated by me, he was enrolled only in the year 2012!!! CAN ANYBODY PRACTICE BEFORE ENROLMENT? IF ONE DOES SUCH A PRACTICE IS HE NOT FIT TO BE CALLED A "FRAUD"?
N.J.S.Rajkumar alias narasimha's Details
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Therefore, before taking advice, the querist should be too careful
