Legal Question in Real Estate Law in India
Hello, We ( a group of 30 people) owned a plot admeasuring 60 guntha in pune. In 1997 we gave the plot to a developer for developement through d.a , p.a. In consideration the builder agreed to give a flat of 870 sqft to each member.
The builder gave the possession of flats along with possession letter after rigorous follow up in the year 2004.
The position today (2012) is , we have the possession of the flat, no society formed, no oc obtained, & agreement not registered for the flats possessed by us.
My querry is - one of the consultants has advised us to have the agreement registered without involving the builder or his representatives on the basis of a high court decision which says ( as per consultant) that original plot owners need to pay stamp duty at a rate which is lower than the prevailing rate because the stamp duty was paid on land purchased by land owners. Is this possible ?
2 Answers from Attorneys
dear client...
No just get the agreement redistered no need to pay stay duty as you are not purchases any flat you have got the flat in return of the land you possessed ....
for any further help you can mail me at [email protected]
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