Hello
In partition deed between non related co-owners, does current market circle rate apply to stamp duty and registration fees calculation? Or partition deed can be registered at nominal rate?
Stamp duty for partition for 100 sqm in D category is coming out to be around 2-2.5 lakhs. Partition don't create any new title, so shouldn't it be done at nominal rate?
Property is question is a plot co-owned by three parties who had verbally divided the building into three floors 15 years back. After receiving the freehold Conveance deed from DDA, we are planning to create a partition deed to get clear title for each floor.
Looking forward for some good expert opinions.
Regards,
Shrey
