Reusing the stamp duty

Shahid Ansari (Querist) 21 May 2012 This query is : Resolved
Hi,

I have cancelled the deal of a flat but I have not applied for refund of stamp duty due to somepersonal reason. Now Iam buying another property. Can I use this stamp duty for another deal?

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Shonee Kapoor (Expert) 22 May 2012
No. You can not.

Regards,

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

malipeddi jaggarao (Expert) 22 May 2012
After stamp duty is paid document would be written and it would be signed by concerned parties. Once these two over, the stamp duty can be reused though the deal is cancelled. Even if it is not signed, once it is written, the document becomes valid if the concerned parties sign, otherwise the document will be ineffective. Even such case also you can not reuse the stamp duty paid.

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