Tp act

venkatesh darasi (Querist) 14 January 2012 This query is : Resolved
I WANT KNOW THE LEGAL POSITION OF MORTGAGE BY CONDITIONAL SALE.
1)HOW MUCH STAMP DUTY WE HAVE TO PAY IN SUB REGISTERAR OFFICE
2)ON DEFAULT OF MORTGAGER,MOTGAGEE WILL BE THE ABSOLUTE OWNER ARE NOT,IF NOT,WHAT WOULD BE PROCEDURE, TO BECOME AN ABSOLUTE OWNER OF THE PROPERTY.

Follow Query

Report Abuse

Raj Kumar Makkad (Expert) 14 January 2012
1. Depends upon the value, period and State.

2. No. For this purpose special declaration shall be required from the court of law.

Deepak Nair (Expert) 14 January 2012
1. Stamp duty will be based on the value of the property and the rate of stamp duty differes from state to state.
2. The mortgagee shall obtain court order for absolute right on the mortgaged property in case of default by the morgagor

Sailesh Kumar Shah (Expert) 14 January 2012
1.Check with Sub-Registrar office.
2.by Declaration in the civil court.

Advocate Rajkumarlaxman (Expert) 14 January 2012
a ready recokner is available in every state which shows the stamp duty required to be paid for registration and the slabs therein. refer to the same of that state.
2nd is as per our experts it is through court.

Rajeev Kumar (Expert) 14 January 2012
Stamp duty depends on the value of property and for becoming the absolute owner in default of payment by mortgagor the mortgage should get the declaration order of court

M.Sheik Mohammed Ali (Expert) 14 January 2012
yes, i do agree expert query reply

Sankaranarayanan (Expert) 14 January 2012
it vary from value to value and state too

Devajyoti Barman (Expert) 14 January 2012
rightly advised above and nothing there to differ.

M/s. Y-not legal services (Expert) 15 January 2012
am also agree with our members' common opinion.,

-tom-

prabhakar singh (Expert) 15 January 2012
1.IT DOES DIFFER STATE TO STATE.CHECK WITH SUB REGISTRAR OFFICE DISCLOSING VALUE OF TRANSACTION.

2.Not ipso facto, but subject to right of redemption of mortgagor by a law suit by the mortgagee.

Shonee Kapoor (Expert) 15 January 2012
Nothing left to be added.

Regards,

Shonee Kapoor
harassed.by.498a@gmail.com

Previous

Next

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

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries