Stamp value on possession letter

Usman (Querist) 28 February 2015 This query is : Resolved
Respected Sir,

Please tell me on what value of stamp paper possession letter should be taken from seller of if the value of flat is 236000/- and purchased in vasai(Maharastra).

Many thanks to expert team

Regards.

Usman

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Devajyoti Barman (Expert) 28 February 2015
Possession letter need not be written on a stamp paper.

Dr J C Vashista (Expert) 01 March 2015
@Usman,
1. Did you get the Sale Deed registered?
2. If yes, there is a covenant in the sale deed where the vendor (seller) has delivered peaceful vacant possession of the property (under sale) to the vendee (purchaser). Accordingly there is no need/legal requirement for a separate "possession letter" consequently no stamp duty to be paid.
3. However, even if the "possession letter" is felt necessary/required or desired no separate stamp paper is required to execute "possession letter", it would be written, signed, witnessed and attested on a plan paper.