Regarding registration process and fee payable as stamp duty

Sunil Kumar (Querist) 23 October 2017 This query is : Resolved
Respected Sir,

I am a govt. employee in haryana govt. and I want to purchase a built home amounting to 35 lac in Punjab. I have contacted the Bank they intimated that the bank will sanction loan amounting to Rs. 28 lac as per my salary statement and I have demanded Rs. 30 lac but the bank has asked to me how much you spend money on Registry after settlement with the seller. If you registered the built home about Rs. 35 lac then the bank provide loan amounting to Rs. 30 lac onwards. Sir, I do not know how much money I have to spend on Registery of home and how % amount is spent on registery on Rs. 35 lac amount.

Kindly provide me the process of registry and how bank has intimated that they will rise your loan if you consult with the seller and what is the process in registered home in joint (wife and husband )name.

thanks.

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Rajendra K Goyal (Expert) 23 October 2017
Stamp duty applicable in Punjab is @ 6% reduced by government in sept, 2017. Please visit:

http://punjabrevenue.nic.in/BSR/N_28.8.2017.pdf

Kumar Doab (Expert) 23 October 2017
It is felt that (In other words) bank is asking you ;whether you will pay whole consideration in white money!

Ask the bank again.

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