Pls somebody suggest me abt the validity of Rs,100 stamp paper for sale of house property in the name of wife executed in favour of husband, is valid?? Is Party(wife) has to be present at the time of registration or stamp paper can itself be sufficient??? Pls help,,,,,
Thanks in advance
Stamp duty at applicable percentage (say 5% or 6%) - depending upon the State in which the Property is located - on the value of the property is to be paid at the time of Registration with the Sub-Registrar's office.
Mere Rs. 100 stamp paper is not enough.
Both the seller (wife) and the buyer (husband) have to be present before the Sub-Registrar's office. Further consideration (sale price) has to be paid by the husband to the wife.