Igr issue in registration - can registration will cancel ?
ABHISHEK TIWARI
(Querist) 19 December 2014
This query is : Resolved
Dear Sir
I have got a house loan from a bank and registered a property by calling commision .
The property was already running on loan from the same bank . So , there is case of book adjustment also from the bank on the seller account .
I have paid the registration charges and stamp duty . The TDS is also paid . My contribution of 20 % by demand draft is also paid by me . I have also paid the 3.09% service tax to developer , as the seller has not registered the property before .
I also have a possesion certificate from a developer .
The registration was done by calling commision and bank has given a xerox of check to seller and asked him after getting the IGR from registered office , to take the physical delivery of check .
Deed mentions about a book adjustment value , check number and my contribution draft details .
Now , today when the seller went to Registration office for IGR , it was not provided as the registration office told him that , the extra 1.1% of stamp duty have to be paid as the property was not registered before and then only IGR will be provided .
The seller and bank is asking me to pay this amount otherwise registration will get cancel , as book adjustment will change.
Kindly advice , is it possible that registration to get cancel and my money getting stuck by no fault of mine .
They are forcing me for 1.1% but I dont want to pay .
I need urgent advice . PLZZZZZ
Devajyoti Barman
(Expert) 21 December 2014
Registration does not get cancelled due to non payment of deficit stamp duty. Check locally whether claim for payment is valid or not since stamp duty is not similar in all over India.
prabhakar singh
(Expert) 21 December 2014
DEFICIENCY OF STAMP DUTY,IF ANY, IS REQUIRED TO BE MADE GOOD.
T. Kalaiselvan, Advocate
(Expert) 25 December 2014
If the stamp duty paid is deficient, making it good will be the option before you or if you plan to call off the proposal, you may again stand losing the said amount intended to pay as stamp duty.
