stamp duty

charudureja (Querist) 18 October 2009 This query is : Resolved
What is stamp duty and when and how muchit has to be paid? once when in a decree the property was divided n the name of one brother is entered into records in 1992 bt due to some error on the part of MC the other brothers name was not entered into records. 1st brother paid 2500/ at that time. now in 2009 the 2nd brother wants to get his name entered into records, now the MC has sent the letter to 1st brothern it says u pay the stamp duty.please solve this wht was that 2500 which was taken thn n now how the 1st brother is liable to pay

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adv. rajeev ( rajoo ) (Expert) 19 October 2009
to enter the name to the properties as per the decree stamp duty will have to be paid by each party for their share.
Stamp duty will according to the state stamp act.

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Adinath@Avinash Patil (Expert) 19 October 2009
IT DEPENDS UPON SHARE OF YOUR SECOND BROTHER HAVE GOT FROM THE DECREE.

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Sachin Bhatia (Expert) 19 October 2009
Stamp duty is state tax on conveyance or transfer of real property calculated on the total value of the property.
Stamp duty will have to be paid by each party for their share.

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Raj Kumar Makkad (Expert) 20 October 2009
The opinion of Adinath Sir is correct.

charudureja (Querist) 20 October 2009
Thanks for the advice. but my question what was that 2500/ why it was taken thn

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