B1 right to yhr property

hemant t gawale (Querist) 16 July 2013 This query is : Resolved
I AM 80YRS OLD AND I BELONG A PROPERTY OF TYPE B1 UNDER CITY SURVEYIN A TOWN NEAR NASHIK.
IT IS LEARNT THAT I HAVE TO PAY 50% NAZRANA ON GOVT. PRICE IF THE TRANSFER IS BY THE SALES TRANSACTION.
I DONT WANT TO SALE THE SAME BUT I WANT TO PAY THE NAZRANA THOUGH THERE IS NO SUCH AGREEMANT TO SALE.
MY SON IS WILLING TO PAY THE NAZRANA AND THEREAFTER HE WANTS TO DEVELOP THE PROPERT AND THEN SOME SALE TRANSATION WILL TAKE PLACE.
TILL TODAY THERE IS NO AGRREMENT OF ANY TYPE
CAN I SUBMIT THE PROPOSAL TO PAY THE NAZRAN ON GOVT VALUATION OF 70 YEAS OLD PROPERTY
PLZ GUIDE

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Advocate Ravinder (Expert) 13 August 2013
I have never heard of paying 50% nazrana on govt price. What is Nazarana and what is B1 type property. Pl eloborate.

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