Legal Question in Banking Law in India

sarfaesi act-sale cerrtificate
i asked u previously that should i get the sale ceriticate registered.Ur answer was tht i should get it registered,but please specify that under registration act i should get it registered or i should just get sale certificate registered by registrar,since i will have to pay a lot of tax(8%) so please advise me.

Asked on 3/08/09, 8:12 am

4 Answers from Attorneys

Sudershan Goel India Law Offices of Sudershan Goel - Advocate

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Re: sarfaesi act-sale cerrtificate

You may follow whatever method comes cheaper; the idea is that your name should be entered in the register of title/owners maintained by the Registrar.

Answered on 3/08/09, 9:42 am

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J. Radhakrishnan independent Practice

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Re: sarfaesi act-sale cerrtificate

The sale certificate has got to be registered. There is some provision under each State Stamp Act which stipulates a lesser duty than a regular sale deed.Please check up with the Bank which sells the property.

Answered on 3/09/09, 2:34 pm

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Homi Maratha N.N. Maratha & Co.-Advocates

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Re: sarfaesi act-sale cerrtificate

Consult a local banking lawyer.

Answered on 3/13/09, 6:27 am

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