Legal Question in Construction Law in India
Sir,
I'm purchasing a new build house in Chennai. Totally I need to register the property for 20L to get Home Loan. My question is can I register land for 10L with 8% registration fee and building construction agreement for 10L with 2% registration fee?
Thanks in advance.
Asked on 2/17/14, 11:34 pm
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
18.02.2014
Dear Sir / Madam,
You are advised to pay the prevailing stamp duty and registration fees as informed by the Tehsildar / Registrar. If segregation of land and building is permitted, you may avail of the concession.
Regards,
Answered on 2/18/14, 2:41 am
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