Dear All Experts
I purchased a property under SARFAESI act from a bank @ 41 lacs & later on sale certificate was awarded by bank.
Now confusion begins when we( my self & AUth.Bank officer) visited registrar office & as advised we purchased stamps worth Rs.3.18 lacs( As he said that as per CG govt area wise value stamp duty is applicable on Rs 1 crore but as it is sold by bank so stamp duty shall be applicable on actual value) after submitting alongwith all other documents with typed sale certificate on stamp papers were submitted to registrar 1 in original & 3 copies in photocopy.
Confusion starts!!!!!!!!! when we submitted all documents to registrar & he just acknowledged recieve on 1 photocopy & O.K. Finished. When we asked to write something on our original stamps ae: name of seller-Buyer etc. then he said that as per rule he can`t & shown their law book of registration also,where it was written that in this kind of cases registrar shall just recieve sale certificate with requisite stamp duty & keep in his file.
We asked to our laywer & he was also confused & convinced after varifyieng rules. As we are in small town & such type of registrations are very rare so nobody knows much about this ,Please help in this regard & advise the write procedure with specific rules & referances so that i could tell to registrar for the same.
Now my present status & point of worry is this that i paid 41 lacs to bank & 3.18 for stamps & having documents signed by me & auth.bank officer only & not a single word is written by registrar office? Is it the rule? shall i face any problems with this deal in future? what should i do now, as the matter is of 3 days back only.