Legal Question in Real Estate Law in India
stamp duty to be paid under the amnesty scheme
we (second occupant)purchased our flt in 1992 & paid the stamp duty on that agreement under the amnesty scheme of 1995.
i would like to know whether i need to pay stamp duty on the agreement of the seller(first occupant) , who bought the flat directly from the builder in 1974 and sold it to us in 1992? i am from mumbai , andheri(e)
Asked on 7/21/08, 7:26 am
1 Answer from Attorneys
Shrichand Nahar
S.V.Nahar, Advocate
Re: stamp duty to be paid under the amnesty scheme
Agreement of Sale or Agreement to Sell became chargeable with full stamp duty sometime in 1984-85. Since first agreement is of 1974, full stamp duty is not payable on the same.
Answered on 7/22/08, 12:29 am
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