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Purchaseing a land

(Querist) 25 August 2012 This query is : Resolved 
I am ready to buy a land of 06 dec. value of which is Rs. 7,50,000. Stamp duty, necessary to pay is Rs. 37,500. Can I make the deed on stamp paper of Rs. 5,000(1000+1000+1000+1000+500+100+100+100+100+100=5000,10 pages.) and pay the rest amount of stamp duty by a demand draft?
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R.K Nanda (Expert) 26 August 2012
No,u will have to pay full stamp duty by way of stamp papers for RS.37.500/-only.
prabhakar singh (Expert) 26 August 2012
No you can not pay the rest amount of stamp duty by a demand draft.

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