Legal Question in Construction Law in India

Mr. Himanshu

On Conveyance you have pay Stamp Duty @ 4.9 % on the Jantry Valuation or the actual valuation as stated in the sale deed, which ever is higher.

Additionally you have to pay 1 % of registration fees.

The Lawyers expenses + out of pocket disbursement.

So, accordingly expect : -

(1) Stamp Duty - 2,69,500

(2) Registration Fee - 55,000 (If executed in favor of a women, then fees is exempted)

(3) Out of Pocket Disbursement - 10,000 (Approx)

(4) Lawyers Fees - varies from lawyer to lawyer, normally between 25,000-100,000 or 2 % - 3% of the transaction amount.

Normally all such stamp duty , registration fees, etc. have to be paid by the Buyer, unless there are contrary understanding between buyer and seller.

I am based in Ahmedabad. Should you require any assistance, then feel free to contact me at my SG Highway Office.

Regards

Vivek N Mapara

www.vnmlaws.com