LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Bhavin Shah   28 February 2024

Stamp duty

One co-operative housing society registered in 1969 in Gujarat and allotted a flat to its member and issued share certificate and allotment letter, later that member transferred the same flat to some other person in 1978 without registering a sale deed. Now, question is whether the transaction of resale made by the first allotee to other person is exempt to pay stamp duty? or it is must to register sale deed with duly stamped.


 1 Replies

T. Kalaiselvan, Advocate (Advocate)     28 February 2024

The sale deed by an unregistered sale deed is not recognised as legally valid sale, hence it is pertinent that the buyer gets a registered sale deed executed in his favor

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register