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srinivasa Kiran (Company Secretary)     17 August 2017

Applicability of stamp act

Dear Members,

I am Kiran from Hyderabad, India. Our Company has owned certain Agriculture lands at Latur, Maharashtra, which we would like to mortgage at Hyderabad.  Apart from MoE, do we need to pay the Mortgage Stamp duty at Maharashtra, even though the place of execution of transaction is Hyderabad ?

Kindly suggest us the way out please, something urgent...

Rgds

 

Kiran

 

 



Learning

 1 Replies

Siddharth Srivastava (Advocate)     17 August 2017

Yes. The stamp duty should be of the state where property is situated prevailing the rate in that state. If required consult with details. Sidharth 9811776422

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