Hello All,
This is my situation.
Mr X made an agreement for plot sale to Mr Y(Broker) for 50 lakhs.
I am now buying the plot from Mr Y for rs 55 Lakhs. Out of this 55 lakhs , 50 will be paid to original seller. On the day of registry, original seller will also come to ensure property transfer in my name. So as of now there are 2 agreement to sale. One between X and Y. Another between Y and me.
For registry purposes, I will be showing my sale amount as 50 lakh and not 55 lakhs.
Can I run into legal issues later on? Should I ideally pay stamp duty on 50 or 55 lakhs? Any other issue to be worried because as per Y this is a standrad practice.
