Purchase of agriculture land

paki (Querist) 01 January 2011 This query is : Resolved
We have purchased agriculture land in our partnership firm's name. We are 4 partners and all of us are agriculturist but our sale deed is not given by deputy collector of stamps because oficer says to use stamp duty calculated as developed land.If we use stamp duty as developed land rate, we have to use too much duty, what should we do ?
we are from gujarat

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Guest (Expert) 01 January 2011
I think the stamp collector impounded the document under 47 of registration act

collect the details of the market value and the documents which are registered near by surrounding survey numbers and file a detailed representation through a lawyer to the stamps collector. They will consider the application and reduce the stamp duty. Also samadhan scheme will also be announced in the month of february to reduce the stamp duty upto 60%. you may also get benefits under this scheme

adv. rajeev ( rajoo ) (Expert) 02 January 2011
Whether have you received any notice from the Dist., Registrar as property is undervalued and you have to pay the stamp duty? If you have received a notice then contest the case, you will have to explain that qulity of soil and this is far away from the city( if it is far away) etc., to know more about it is better to discuss with your advocate.

bhagwat patil (Expert) 02 January 2011
if the stamp is undervalued you have to pay the difference,it might be NA potential land if that so you have to contest but better way to pay the difference. it is state terrorism

Pritam Saini, Advocate (Expert) 02 January 2011
you should make an application before Tehsildar for acess the market value mentioned purpose loan or giving surety before court.you will see the that authority acces the value as per collecter rate in the area and this evidence will help you when you contest notice

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