Legal Question in Real Estate Law in India
I own a flat in Mumbai, wherein my Ex employer had added their name as a safe guard till I return the loan.
After I returned the loan , the employer sent a letter to the society to remove their name from the deed as well from the share certificate, way back in 1995.
The society did not respond to it and I assumed that the needful must have been done since they did not reply within the stipulated period of three months, as per the Act 1961.
On a recent inquiry from the society, I was told to pay the necessary stamp duty and get the registration done, before they take any action.Please advise whether I should be penalized to pay this heavy amount for a mistake of the society.
Kindly advise, what to do?
1 Answer from Attorneys
Amount of stamp duty and other charges are payable to the Government. If you did not pay the same within time, then you will be liable to pay the same with penalty.
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