Registered mortgage
abhay
(Querist) 16 July 2015
This query is : Resolved
A registered mortgage has been created in favour of various banks on properties situated in maharashtra, chattisgarh & uttarakhand. Mortgage deed is registered in maharashtra by paying maximum applicable stamp duty. Sub registrar of maharashtra has sent an intimation to the sub registrar of chattisgarh.now sub registrar of chatisgarh is demanding stamp duty on chattisgarh property. We have been advised that if sub registrar of maharashtra is sending intimation to another sub registrar no further stam duty is payable. Kindly confirm this. A registered mortgage has been created in favour of various banks on properties situated in maharashtra, chattisgarh & uttarakhand. Mortgage deed is registered in maharashtra by paying maximum applicable stamp duty. Sub registrar of maharashtra has sent an intimation to the sub registrar of chattisgarh.now sub registrar of chatisgarh is demanding stamp duty on chattisgarh property. We have been advised that if sub registrar of maharashtra is sending intimation to another sub registrar no further stamp duty is payable. Kindly confirm this.
Adv. Yogesh V Nayyar
(Expert) 25 August 2015
@ Abhay,
Once a property is mortgaged and the same is by way of registered mortgage and the intimation is given by the Sub-Registrar of a particular state to another, there is no necessity of repayment of stamp duty on the very said property as there is an exemption to that effect. Only the registered document will be produced before the Registrar of another state and the same shall be registered.
