Development agreement & its stamp duty
Rajesh Naik
(Querist) 21 June 2012
This query is : Resolved
One developer company wants to execute a development agreement with farmer for consideration of constructed built up area and refundable deposit. Can said company execute the said agreement with the title Agreement for Sale, and show the said transaction as a sale of land for consideration of constructed built up area, which will be constructed thereon in future. Simillarly, whether said deed will be valued at the construction cost instead of market value of flat, for payment of stamp duty.
Rajesh Naik
(Querist) 21 June 2012
property is situated at Panvel, maharashtra, within jurisdiction of grampanchayat.
Shonee Kapoor
(Expert) 21 June 2012
Contact a local lawyer, he can guide better as it is a state subject.
You can contact Ld. Ajay Sethi from LCI for the same.
Regards,
Shonee Kapoor
harassed.by.498a@gmail.com
R.K Nanda
(Expert) 22 June 2012
Take the help of local lawyer.
