Satish 03 November 2023

Land sale total 85 lakhs. govt guideline value 2200/sq ft.

Hi,

I am going to sell my land for 85 lakhs.

As per tamilnadu govt website below fees are applicable.

Guideline Value: 2200/ Square Feet
Calculated Stamp Duty Fee: 237930
Calculated Registration Fee 67980

Buyer said he will give me 51 lakhs in cash and 34 lakhs as per govt guideline (1545 multiply 2200 = 34 lakhs) in cheque.

Can i trust the buyer?

what if cheque bounces after sale happens??

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5 Replies

Dr. J C Vashista (Advocate ) 03 November 2023

Is it really a legal dispute for consideration and obligation of experts on this platform ????

Satish 03 November 2023

Better safe than to be sorry.

Taking precautions so that I dont get scammed, and I dont want to go through legal process with impatient lawyers like you.

Real Soul.... (LEGAL) 03 November 2023

let him pay by cheque but enchas those scheques before registration of deed

T. Kalaiselvan, Advocate (Advocate) 03 November 2023

If you are planning to sell the entire property at government guidelines value then how can you show a lesser sale consideration value in the sale deed because the stamp duty, whether or not has to be paid in accordance to the government guidelines value.

Besides how are you going to adjust the huge black money.

Don't take decisions in haste or by ambitions