Hello all,
I have this issue with selling a property. Guidance value of a property is always less than market value. I always have the problem with this. The buyer doesn't want to register at more than guidance value. Now I will be taking the market price for which he will not be ready to register. I will not take cash. If he gives in cheque or DD also what will show that as. That money cannot be shown as source of income from property if it is not mentioned in the registration document.
If the property is registered at a market price of say Rs. 1 Crore then registration cost will be Rs. 6 lakhs at 6%. Now if the guidance value is say half of that they one would like to register at Rs. 3 lakhs. As a seller I want to sell at market price and register the same at Rs. 1 crore. How to deal with buyer to convince that legally he/she should register at market price is a problem for me. Any solution for this issue will be highly appreciated.
Thank you all in advance for your time help and advice.
Regards,
Pushpa
