Our housing society owns the land 70% and rest 30% ownership is by the landlord as part of deemed conveyance order issued by the govt/authorities. One portion is occupied by society and the other by landlord separated by a common wall. We jointly plan to redevelop the premises. Owner wishes to transfer (not sale) the land so that s single common structure/building can be newly constructed which will be shared/occupied by both society members and the owner/landlord. Owner/Landlord will become a new member of the registered cooperative society as part of this transition.
Will there be any stamp duty levy on the transfer of land by landlord to society? If yes, who is liable to pay that ?
