Hello Fellow members,
In partition deed, does current market circle rate apply to stamp duty and registration fees calculation? Or partition deed can be registered at nominal price?
Our current residence plot is co-owned by three co-owners (non-blood related ), with three floors constructed on it and each co-owner residing one floor of it and we will be applying for freehold of plot in dda and will receive CD in joint name of co-owners. From there we wish divide each floor to respective names, so each co-owner can have clear title for their floor.
For this case, will we need partition deed or can it be achieved through any other method? And will 2% of circle rate apply as registration fees in case of partition deed?
Thanks
