Hello,
Humble request for proper guidance from this experts forum. Thx. in asdvance.
My father has purchased the flat(in resale not from builder) in mumbai-borivali in Oct.1985(month of agreemnt is Oct.1985 & agreement value is 1 lac Rs. or so).
For regularization of flat(i.e. stamp duty payment & registration) we appraoched couple of agents who are into this work & received different opinions.
One said, no stamp duty has to be paid if flat agreement is betn. 1980 & before Dec.1985. Other said, stamp duty has to be paid as per current market value as per 2013 Ready reconer. third guy said duty would be as per the Oct.1985 prevailing rates.
Such opinions has confused us & hence posting this query on forum to you experts to guide me as to what would be the right steps as per the law & how we can regularize our flat by paying stamp duty(if any) & registration.
How many months/days it could take for this & what documents are required?
Regards,
Dhrumal.