bank auction sale certificate

Corporate Lawyer

One person got land by lease and mortgaged it to bank. Later he becomes defaulter.

Bank auctioned the property. We are the final bidder and soon get sale certificate. Property located at Mumbai.
What will be the next stage? What we have to do? And after procurement of sale certificate, how it is to be registered because the property is leased by first person.
Plz. Give solution in detail.
Thank You.

 

 
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with both certificate from DRT u have to approched the concerned Stamp office, u have to calculate the stamp duty on it and do the franking and 1% registration fees of auction value, please take society noc and building details on the soicety letter head

 
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Corporate Lawyer

Dear sir, its not a society, its a land. and question whats exact further procedure. that we dont know. plz. advise.

 

 
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Dear sir, the procedure is same for all, please take 2 certificate from DRT i.e. FORM 20 and FORM 18 , please arrange property card of the land and approch the stamp registration office of that jurisdication. area  pay the stamp duty as per the officer calculation and 1% registration fees , there is no need to have personally of bank officer for the registration office....  or please contact any officer at registration office they would help you... for more detail please see the goverment site http://igrmaharashtra.gov.in/ 

 
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Adv P & H High Court Chandigarh

The opinion of Vilas is perfect and this is only procedure as you asked in you quarry.

 
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