bombay stamp Act

jayesh (Querist) 16 March 2009 This query is : Resolved
agreement for sale of immovable property require payment of the stamp duty as it it is a conveyance ??? relevant provission

Follow Query

Report Abuse

Shashikant V. Patil (Expert) 16 March 2009
As U mentioned agreement for sale can be executed by notarised and registered. If U are registering , you will have to pay stamp duty on the market value of that property.

adv. rajeev ( rajoo ) (Expert) 17 March 2009
in karnataka registration of agreement of sale is mandatory in case possession of the immoveable property is handed over to the purchased, if not registration is not necessary. In case on the basis of the unregistered document and possession is handed over. if u filed sit for specific performance you will have to pay the 11 times penalty and 2% stamp duty on the sale consideration

sanjeev murthy desai (Expert) 17 March 2009
I agree with above views of Our friends.

A. A. JOSE (Expert) 17 March 2009
Yes, above views are endorsed.

Adv.Shine Thomas (Expert) 28 March 2009
I agree with the above views

Hiralal Das (Expert) 04 April 2009
Thanks all of you. I agree with the opinions of my learned members friend. You may follow them which should the proper ways to solve the problem.

Previous

Next

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

Click here to login now