Legal Question in Real Estate Law in India
I have booked a flat in Bangalore. When I did "Construction Agreement" & "Agreement to Sell" I paid stamp duty of Rs. 22452 & Rs. 2972 on these agrrement respectively to the sub registar office as registration charges.
(Which I was informed that, its the part of registration amount you need to pay in advance, and it will be reduced later from your final registration amount , which is Rs.112036, so now I need to pay 112036 - (22452 + 2972) = 86612 ).
When I am going for my "Sale Deed", I was again asked to pay full registration amount, i.e. Rs. 1,12,036.
Too reach to this value, they used the calculation as below.
Area = 1340
GV (Decided by Govt.) = 1000
Area x GV = 1340000 + 100000 (What is this, I dont know) = 1440000
7.78% of 1440000 which comes to 112036
My dount here -
How much I am supposed to pay here? (112036 OR 86612)
1 Answer from Attorneys
Local stamp act provide for manner of levy of stamp duty. Credit of earlier stamp duty is also given.
If you think that calculations are not as per law, then you may approach superior stamp authorities starting from Collector of Stamps.
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