Results for #stampduty
Legal
#settlement#applicable#stampduty
If there is a family settlement, is stamp duty applicable on the same? This is in Rajasthan. Also, of the stamp duty is applicable can it be minimized?
If there is a family settlement, is stamp duty applicable on the same? This is in Rajasthan. Also, of the stamp duty is applicable can it be minimized?
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Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
If the family settlement records transfer of property from name of one person to another then the same would attract stamp duty. If the properties had been acquired from joint family funds then the stamp duty can be minimized on that account.
Taxes & Duties
#applicable#registration#purchasing#flat#stampduty
What would be the applicable registration fees and stamp duty while purchasing a flat?
What would be the applicable registration fees and stamp duty while purchasing a flat?
Answered on November 08, 2017
Stampy Duty and Registeration fees will depend on the stamp duty provisions of each State. For Maharashtra, the rates are as below:
a) The stamp duty rate will be 5% of the agreement value or market value (computed as per the ready reckoner rate of the area), whichever is higher
b) Registration fees will be 1% on the market value or the agreement C72value but restricted to Rs. 30,000. (View more)
a) The stamp duty rate will be 5% of the agreement value or market value (computed as per the ready reckoner rate of the area), whichever is higher
b) Registration fees will be 1% on the market value or the agreement C72value but restricted to Rs. 30,000. (View more)
Legal
#paid#register#stampduty
I have paid Stamp Duty in 2010 which I forgot to register. Do I have to pay the Stamp Duty again and if I have to, do I have to pay it at present Market Value or past Market Value?
I have paid Stamp Duty in 2010 which I forgot to register. Do I have to pay the Stamp Duty again and if I have to, do I have to pay it at present Market Value or past Market Value?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
If you have paid the stamp duty prevelent in the year 2010 at the time of execution of the Agreement, then you would not be required to pay any additional stamp duty merely because the document has remained to be registered.
Legal
#flat#agreements#paid#registration#redevelopment
I purchased a flat and I am the sixth party in the scenario. All the other five agreements are in place out of which the third party has not paid the stamp duty, but he has donet he registration. Will this affect me in the future with regards to the sale or redevelopment. Do I have to pay the stamp duty?
I purchased a flat and I am the sixth party in the scenario. All the other five agreements are in place out of which the third party has not paid the stamp duty, but he has donet he registration. Will this affect me in the future with regards to the sale or redevelopment. Do I have to pay the stamp duty?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
Question is vague, registration would not have happened if stamp duty was unpaid on the document in question.
Legal
#flat#loan#transfer#property#registration
I had purchased a flat 4 years back. My flat is in my sister(because she was the only earning member of the house) and my dad's name. We had taken a loan for the flat and since Jan 11 instead of my sister who bought the flat I have been paying EMI for the loan because she got married. I am not getting any benefits and so I wish to transfer the property in my name. Do I have to pay the stamp duty and registration charges again? Or do we have an alternate way to transfer it?
I had purchased a flat 4 years back. My flat is in my sister(because she was the only earning member of the house) and my dad's name. We had taken a loan for the flat and since Jan 11 instead of my sister who bought the flat I have been paying EMI for the loan because she got married. I am not getting any benefits and so I wish to transfer the property in my name. Do I have to pay the stamp duty and registration charges again? Or do we have an alternate way to transfer it?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
The flat can be trasnferred to your name by your sister by way of a gift deed and the same would attract 2% stamp duty as per the provisions of the Bombay Stamp Act and a further 1% charge towards registration fees or Rs. 30,000/- whichever is lower on that account.
Legal
#gift#property#charges#registration#registrar
I want to know a few details regarding the gift of a property from my elder brother to my young brother: 1. can this be done legally? 2. if yes, what are the charges to be borne for the stamp duty and the registration? 3. What would be the fees for the lawyer who would do this gift deed? 4. What are the charges of the sub registrar?
I want to know a few details regarding the gift of a property from my elder brother to my young brother: 1. can this be done legally? 2. if yes, what are the charges to be borne for the stamp duty and the registration? 3. What would be the fees for the lawyer who would do this gift deed? 4. What are the charges of the sub registrar?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
Gift deed between blood relatives is permissible. Stamp duty on a Gift Deed between brother to brother would be 2% of the market value of the property and further 1% or Rs.30,000 whichever is lower as registration fees. The fees of the Advocate would depend from Advocate to Advocate and the other charges of the Sub-registrar would include scanning fees, etc., which will depend on the number of ...
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Legal
#property#flat#aware#vat#maharashtra
I bought a property in Badlapur west. The built up area of this flat is 1495 gqft. I am not aware of the recent developments in the service tax and VAT imposed by the Maharashtra state government. Can you advise me about what the amount of the stamp duty and registration would de?
I bought a property in Badlapur west. The built up area of this flat is 1495 gqft. I am not aware of the recent developments in the service tax and VAT imposed by the Maharashtra state government. Can you advise me about what the amount of the stamp duty and registration would de?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
The Service Tax amount and VAT would depend on the market value of the flat/ agreement value and similarly the stamp duty would also depend on the ready reckoner value of the flat at the time of such purchase or the agreement value whichever is higher. Registration Fees is 1% of market value of flat or Rs.30,000/- whichever is lower.
Legal
#ram#flat#delhi#registered#duly
Ram purchased a free hold DDA flat in Delhi in 1999. He got it registered jointly in his and his wife's name by duly paying stamp duty. Does he need to get mutation done in his name? If yes what would be the procedure?
Ram purchased a free hold DDA flat in Delhi in 1999. He got it registered jointly in his and his wife's name by duly paying stamp duty. Does he need to get mutation done in his name? If yes what would be the procedure?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
Mutation entries are largely in respect of land and not flats unless the land beneath the flat has also been sold to the purchaser.
This question has not been answered
Legal
#property#paid#register#stampduty
I purchased a property in 1993 and paid the stamp duty in 2010, although I forgot to register this property. Will have to register it and pay the stamp duty again on the current market value of the property?
I purchased a property in 1993 and paid the stamp duty in 2010, although I forgot to register this property. Will have to register it and pay the stamp duty again on the current market value of the property?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
If you have paid the full stamp duty in the year 2010 alongwith the applicable penalty , then you would not be required to pay any additional stamp duty merely beause the document has remained to be registered.
