I am about to purchase a resale property. The current owner did his booking agreement in 2008. He got the possession in 2010.
But the builder has still not executed Sales Deed.
I will be doing an agreement for sale with the current owner. After completing the entire payment (coz of loan), I will be doing a deed of assignment with the current owner.
I got to learn that builder will be doing a Sales Deed in 2013 with me (& other flat owners). And that I will be liable to pay the difference of stamp duty.
This has made me worried. Coz the current owners has purchased it in 2008 at lower rates. Today in 2012, the ready recknor valuation has almost doubled.
Does this mean that I will have to pay the difference (at the time of sales deed with the builder) of 2008 & 2012 rates?
I will be doing Agreement for Sale with current owner in 2012 at current rates.
Request you all to help me on this at the earliest.