stamps

Querist : Anonymous (Querist) 09 September 2010 This query is : Resolved
i have purchased a plot of land by paying rupee 6,00,000/- and the sale deed was written on rs.1000/- valued stamp paper .some one told me that the value of the paper was not correct so i might face problem in future. is it right and what can i do now if the value is not appropriate.please suggest.

Follow Query

Report Abuse

s.subramanian (Expert) 09 September 2010
what is the value of the property as per your deed? If you have paid stamp duty for the value contained in the deed ,it is enough. It is a valid document.Now that you have been able to get the deed registered obviously you have paid the duty as per law. Otherwise the deed would have been impounded and proceedings under Sec.47A of the Indian Stamp Act would have been initiated against you. So you need not worry.

Rajeev kulshreshtha (Expert) 09 September 2010
I do agree with Subramanian Sir.

Arvind Singh Chauhan (Expert) 09 September 2010
I do agree with Subramanian Sir.

R.Ramachandran (Expert) 15 September 2010
Dear Anonymous,
You have to indicate the following minimum information, before your query could be answered properly.
(i) In which State the Property is situated?
(ii) What is the consideration shown in the Sale Deed?
(iii) Whether the property is being registered in the name of a male or female?
(iv) Whether you have already registered the Sale Deed in question?

Previous

Next

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

Click here to login now