Legal Question in Real Estate Law in India
Want to sell my house property. The purchaser wants to pay balance 10 lakhs after 15 days of property registeration due to shortage of funds. Registeration if delayed chances are that stamp duty will increase due to govt rules. Is it possible to secure the balance funds in anyway for the balance funds.
Asked on 7/22/13, 9:54 pm
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
23.07.2013
Dear Sir / Madam,
Stamp Duty rates in India are revised in April every year. You should take a 15 days Post Dated Cheque (PDC) for the balance purchase consideration of Rs 10 lakhs from the purchaser, get the registration of the house completed within that fortnight, and part with the possession of the house on the date the PDC cheque is realized.
Regards,
Answered on 7/22/13, 10:54 pm
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