I have a relative who is is selling a land in Chennai , and they have a buyer who is ready to purchase the property at double the Guideline Value.
Both the seller and buyer are fine to do registration at full Sale Consideration i.e the market value .
However we were told by someone that the registrar officer will refuse to register at value higher than guideline value.
Can someone help with what is legally correct. And if the buyer is supposed to register at Guideline value, then how would the rest of the sale amount thats above the guideline value be accounted by both the sellter and the buyer.
