Legal Question in Real Estate Law in India
I had purchased a flat in Goa india in 1993,I had only done an aggrement where the builder and myself signed on the agreement.I had no idea about stamp duty and registeration.got possession of the flat in 1997 after a much delay,the builder died,most of the flats were left incomplete by the builder.and later it was completed by the people who purchased the flats.we have a society and it is registered.I have a share certificate on my name.as we reside in mumbai we go to goa during holidays.Do I have to get the flat registered and stamp duty done.can I do it now
and do I have to pay the fine for not registering.how much.recently I got the agreement notarised.thank you
3 Answers from Attorneys
You can get the flat registered asap and notary will not be considered as a valid document in the sense of TP Act.
In view of provisions of registration act, registration may not be possible after expiry of 8 months from the date of document.
Payment of stamp duty is possible with penalty.
You may first seek a declaration of ownership. If you get a decree in your favour, you may apply for registration of the same.
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