Dear Sir/Madam,
I am in process of buying a flat and the developer is making an agreement on Rs 10 stamp Is is Valid ? if not how much it should be ? the property value is between 20 to 30 Lakhs.
Appreciate your quick response.
Mohammed
Mohammed Farooq (Engineer) 20 May 2014
Dear Sir/Madam,
I am in process of buying a flat and the developer is making an agreement on Rs 10 stamp Is is Valid ? if not how much it should be ? the property value is between 20 to 30 Lakhs.
Appreciate your quick response.
Mohammed
Dr J C Vashista (Advocate) 20 May 2014
It differs from State to State, however, minimum Rs. 100/- stamp paper is required for a notarised agreement to sell
Mohammed Farooq (Engineer) 20 May 2014
Thanks for your response Dr. J C Vashista , Really appreciate your feedback Actually this is for a Property in Andhra Pradesh (Telangana) .
Thanks
Mohammed
T. Kalaiselvan, Advocate (Advocate) 20 May 2014
I agree with Dr. Vashista's opinion that the Stamp value on such issues differ from one state to another, you may verify about it locally.
It dependes on the Stamp Duty fixed for your State, the Stamp Duty varies from State to State.
Thanks,
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