Legal Question in Real Estate Law in India
I inherited the property from my parents in 1968, and constructed the ownerships in 1996. Since I am the granter I did not pay the stamp duty. Are the laws different now?
Asked on 11/02/11, 3:41 pm
2 Answers from Attorneys
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
A person who inherits is not required to pay any stamp duty.
Answered on 11/02/11, 9:29 pm
Shrichand Nahar
S.V.Nahar, Advocate
For flat/unit retained by land owner in a Condominium, there is no stamp duty under the Bombay Stamp Act.
Answered on 2/14/12, 2:53 am
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