Legal Question in Real Estate Law in India

Dissolution of partnership and stamp duty

We are a partnership

firm having the business of real estate development. One of the partners has brought immoveabel property (land) as a capital, and thereafter all teh partners developed the land and constructed a multi storey building. Now at the time of dissolution, the closing stock was 3 flats in the same building, distributed by the three partners.Kindly guide as to what kind of stamp duty does this dissolution attract? ( with case laws)


Asked on 3/06/09, 10:05 am

2 Answers from Attorneys
Shrichand Nahar S.V.Nahar, Advocate

Re: Dissolution of partnership and stamp duty

Is land with building made a Condominium or Society? Is land entered into the name of partnership in the records after same was introduced as capital of firm by one of the partners?

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Answered on 3/07/09, 1:53 am
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: Dissolution of partnership and stamp duty

You may contact the local Collector's office for appropriate guidance.

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Answered on 3/06/09, 11:42 am


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