Need urgent suggestion


Dear All,

We are going to buy one auction sale property from Bank and that property is under Housing board, Odisha. we understodd that the property is not free hold and under 99 years lease system. This house is already now 40 yehars old and any one can suggest about the fate after 59 years (meansr after attending 99 years)? 

House cost is 1 crore and basis that what is the additional costs (Tax to government and other fees) we should expect for this purchase matter..

Thank you in advance,,

 
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LEGAL

It is better you consult some local Stamp vendor or petition writer who deal mostly such things. However i think the stamp duty will be 5% of the cost of immovable property for men and 4% for women.

 
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