Stamp duty for deemed conveyance

Prashant (Querist) 18 June 2014 This query is : Resolved
Hi,

I belong to a housing society that has 3 wings and a fairly large open area. We are in the process of conveyance. There is an opinion on some fronts that if every member of a flat has paid the stamp duty on their chain of agreements, then the stamp duty payable on deemed conveyance is minimal...is this true? is there a stamp duty that needs to be paid on open land area within a society?

Follow Query

Report Abuse

Devajyoti Barman (Expert) 19 June 2014
The flat owners are stipulated or covenanted to pay on super built area of their purchased flat only.

Prashant (Querist) 19 June 2014
so there is no stamp duty payable on the open area within the society during the deemed conveyance process?? if every individual has paid for their own flat at(super built up areas)at the time of purchase. The society is 30+ years old and has huge vacant open areas within its boundaries. There is no stamp duty payable on that area?

T. Kalaiselvan, Advocate (Expert) 21 June 2014
You have been properly advised, for further queries you may consult a local lawyer dealing with the subject.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now