Calculation of cidco property value while transfering

AAK (Querist) 05 June 2012 This query is : Resolved
Dear Experts please advice

My client XYZ is intending to purchase a commercial unit in Mumbai which is situated at CIDCO leased out land (Transfer of . My client is purchasing out-rightly immovable property with all machinary and equipments for Rs.10XXX/-.

I want to know whether the stamp duty is to be paid on entire Rs.10XXX/- or we can segregate the value of the land and machines and pay stamp duty on land only. OR whether the CIDCO has any special kind of prefixed price for the same.

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Sankaranarayanan (Expert) 05 June 2012
Said it is lease out property then hw ot will sell without cancel the lease if it is gvt land u cand either buy or sell. Better to get advise from local lawyer

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