Murthy 25 January 2024
T. Kalaiselvan, Advocate (Advocate) 25 January 2024
Legal validity of purchase of an immovable property will be recognised or identified only by the registered sale deed.
The execution of registered sale deed can be effected only by paying the applicable stamp duty and registration charges, irrespective of whether it is the first or subsequent purchase.
kavksatyanarayana (subregistrar/supdt.(retired)) 26 January 2024
Yes. On resale also the stamp duty and registration fees shall be payable and no exemption.
Dr. J C Vashista (Advocate ) 26 January 2024
Every sale / purchase transaction shall require to be registered (compulsorily) after payment of stamp duty and registration charges, on consideration amount, as applicable in your State.
Murthy 26 January 2024
kavksatyanarayana (subregistrar/supdt.(retired)) 26 January 2024
The stamp duty shall be payable on the consideration or Market Value whichever is higher.
Dr. J C Vashista (Advocate ) 28 January 2024
As a practice consideration amount is what the parties mention in the Sale Deed, which is much below market rate but not less than circle rate.
T. Kalaiselvan, Advocate (Advocate) 29 January 2024
If the sale consideration amount mentioned in the sale deed is in accordance to the market value, then you may have to pay the stamp duty to that value only and not less than that.
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