Padmanabhan Ganesan 22 September 2016
The last Guideline Value declared by Govt of Tamilnadu was in 2012. As per the Guideline Value posted in the net, the value of the property is X. The land registration department is saying the current value is Y which is higher than the value of X.
Can the registration department insist on Y while registering the property? If both the parties involved in the transaction is not willing to go with the value Y and want to go with the value X, what is the remedy here?
adv.bharat @ PUNE (Lawyer) 22 September 2016
Padmnabhan ji the consideration value is determined by seller.
For the documentation purpose u can use government value i.e. for calculating stamp duty & registration charges.
Where as actual transaction is differ and as per seller wish and will only.
If u like my suggestion then give THANK on my profile.
Kumar Doab (FIN) 22 September 2016
Your own counsel can update you on latest notification if any, for Y.
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