Franking of sales agreement

ChandanLawyersclub (Querist) 30 January 2015 This query is : Resolved
I am buying a property worth 54L in Bangalore. Planned to take loan from SBI/LIC for 45L
SBI says sale agreement with builder to be franked with .1% of loan value. Rs 4500

LIC says only Rs 200 franking is required.

why this much difference may be for two housing companies.

If I pay .1 % franking, can I claim it at the time of sales deed execution in registrar office
Regards
Chandra

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P. Venu (Expert) 31 January 2015
Both LIC and SBI are public undertakings. You may obtain information under RTI Act.

Rajendra K Goyal (Expert) 31 January 2015
You can confirm from local lawyer regarding the franking amount.

Also get information through RTI.

ajay sethi (Expert) 31 January 2015
consult a local lawyer

Dr J C Vashista (Expert) 01 February 2015
Contact the SBI and LIC officers and consult a local lawyer.

ChandanLawyersclub (Querist) 01 February 2015
Thx
Chandra

T. Kalaiselvan, Advocate (Expert) 01 February 2015
SBI and LIC are having different rules and different set of interest pattern and rates of interest, therefore you cannot question the reason or difference.

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