Legal Question in Real Estate Law in India
Stampduty & Registration Charges
I am planning to buy a flat in Thane. area of falt is 740sq.ft and rate owner is asking about 32 lacs. pls can you guide me how much stampduty and registration i will have to pay. and any contribution from earlier owner in this.
3 Answers from Attorneys
Re: Stampduty & Registration Charges
You may contact the local revenue authorities for appropriate guidance.
Re: Stampduty & Registration Charges
Stamp duty differs from state to state,so you may contact a local lawyer or the sub-registrar office to know details.It is mutual understanding between you and the ex owner to share stamp duty and regn.charges.
Re: Stampduty & Registration Charges
Stamp duty is on higher the agreed value or ready reckoner value.
In Maharashtra, for flats in a Society or Condominium, stamp duty is on slabs.
If your flat qualify for stamp duty on slabs, then for 32 Lacs, stamp duty would be 1,42,600/- and registration charges would be Rs.30,000/-
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