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Kamlesh K Salian   22 May 2017

Stamp duty

Respected Madam / Sir,

Need your help with the below issue

Our Housing society in Mumbai is carrying out a major repair work in the tune of Rs. 1.5 crores. Our consultant has prepared the agreement between the society and the contractor and has also out lined all the points in the agreement.

But our problem is --- in the current scenario no body is able to guide us exactly with the below points:
1) what is the stamp duty that needs to be paid on the agreement
2) whether is it mandatory to register this document
3) how do we pay the stamp duty --- as most of the banks have stopped franking or do not accept franking above rs. 5,000/-
4) If we have to pay online stamp duty through GRAS - Maharashtra then we should pay it under which heading and then is it necessary to register it.

Your guidance in this matter would be very help full to us.

That you in advance and I sincerely look forward to your feed back.

Best Regards,

Kamlesh K Salian



Learning

 2 Replies

N.K.Assumi (Advocate)     22 May 2017

No need to go through such an agony over such matter in a city like Mumbai. Contact Mr.Naresh Pai or any Housing society in Mumbai.

shrenik (lawyer)     23 May 2017

Developmemt agreemnt need to register Just visit sub registrar office with papers Meet sub registrar and ask for his writen advice on hiw much stamp it will require He will charge 1000-2000 officially

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