Flat purchase & stamp duty payment
madhukar
(Querist) 09 May 2011
This query is : Resolved
i have booked the flat at vichumbe village in panvel navi mumbai on nov 2010. agreement was of Rs.2300 & Rs 500 black porion. flat is within a complex.area of flat is 665 sq.ft build up & is under construction now. builder has told for registration. as per him i have to pay stam duty 5 % ( 2300x665= 1530000 x5%)= 74000 & 1% TDS on agreement value i.g 15300. now again 1 % vat on agrremnet value i.e 15300 & 2.6 % service tax on agreemnet vale i.e onther 39000. so total comes to 74000+15300+15300+39000=144000. is this all correct & what care is hould take towards registartion & paying stamp duty & vat. pl suggest.
R.Ramachandran
(Expert) 10 May 2011
It will be advisable for you to get in touch with a local lawyer to know the exact position.
