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Viral Shah   27 June 2022

Amount of stamp duty on property purchase from bank in e auction

Dear,
Do we have to pay double stamp duty in Gujarat for registration of property which is purchase through bank in E- auction?


Quick Summary
This discussion clarifies stamp duty requirements for properties purchased through bank e-auctions in Gujarat. It confirms that stamp duty is payable on the sale value, even in e-auction scenarios, as these are considered standard sale and purchase transactions. The query addresses apprehension about potentially paying double stamp duty, but the response indicates this is unlikely if the sale value is correctly assessed for duty.

 2 Replies

G.L.N. Prasad (Retired employee.)     28 June 2022

There is no exemption as it is also a sale and purchase transaction.  The sale value by the bank is taken as criterion for stamp duty.

P. Venu (Advocate)     28 June 2022

What is the reason for your apprehension?


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