Property Registration in Bangalore
Querist :
Anonymous
(Querist) 15 June 2011
This query is : Open
Dear Sir/Madam,
I am planning to purchase a flat in Bangalore. The Sale Agreement value for the flat is 70 Lacs. I am availing a loan of 50 Lac to purchase this property from leading pvt bank. Now in Banaglore there is some concept that property can be registered at govt. guidance value also which is very low compared to market rate thus stamp duty and registration amount will be much less. The Govt. guidance value of this flat is approx 25 Lac. Also bank does not have any issue if i register the property at govt. guidance value. Also i am paying entire amount in white only. Pls suggest if it is OK to register at govt. guidance valaue and tomorrow can i face any problem if i register at lower value.
Pls help urgently
Thanks in advance
