Under Article 43 (partition) Stamp duty Act as applicable to state of Gujarat, there is provision for family partition for stamp Duty @ 0.25% of the value subject to maximum of Rs.1 lakh upto property value of Rs.10 Crores.
I have prepared family partition deed , value of all properties under consideration is Rs.3 crore, As per registration act i have to pay registration fees @1% i.e. Rs.3 lakhs, which exceeds the stamp duty payable. My question is there any maximum limit for registration fees ? I think it is very unconstituional that registration fees exceeds stamp duty ? Can anyone please help me?
