Stamp duty, sarfaesi act
Quadir
(Querist) 25 January 2016
This query is : Resolved
Greetings,
Please enlighten me if there is any provision in SARFAESI Act or Stamp Act etc. which says that for the registration of a Sale Certificate given by an Asset Reconstruction Company (ARC), the Stamp Duty is charged on sale amount and not as per circle rates.
To be more specific, the immovable property is situated in the state of Uttarakhand.
P. Venu
(Expert) 26 January 2016
Stamp duty is always to be levied on actual sale amount. The circle rates are not legally binding.
Rajendra K Goyal
(Expert) 26 January 2016
Consult local lawyer in reference to state stamp rules.
H.M.Patnaik
(Expert) 04 February 2016
Mr. Venu is right.
K.S.Srinivas
(Expert) 04 February 2016
I go with the expert Sri P.Venu.
