Stamp duty in mumbai
prakash
(Querist) 03 April 2012
This query is : Resolved
Advocates , accountants , professionals are allowed to make use of their residential premises for ancilliary use of their profession , the electricty charges are levied at residential rates if predomiant use is residential & merely professional uses his premise for attending his client for advice services
question : Now during conveyance of premises the owner who is professional has to pay stamp duty under Bombay Stamp Act then whether he is entitled to pay stamp duty at residential rates or commercial premises rates in circumstances where he is making use of premise for ancilliary profesional purpose in addition to residential purpose pls inform which section of Stamp duty deals with mixed use of properties , any judgements
Raj Kumar Makkad
(Expert) 03 April 2012
He has to pay the stamp duty as per residential area if the premises is situated within the residential area.
V R SHROFF
(Expert) 03 April 2012
residential basis. Dc rule , upto 25 sq mtr , or if part is used for your prof purpose, but main use is Residential, u r living with family, cooking, sleeping there, is undisputed residential use of majority of area. One single room used for prof office use do not attract comm rate.
ajay sethi
(Expert) 03 April 2012
agree with mr shroff
