Apartment first sale in tamil nadu

Querist : Anonymous (Querist) 15 November 2024 This query is : Resolved
The Tamil Nadu Govt. has enacted an act in 2023 by which the first sale of a Flat in an apartment will attract only 6 % as DOCUMENT REGN .CHARGES . I intend to buy a flat from a promoter who has purchased by a Regd. Deed 2500 Sq. Ft . of undivided land out of a 25000 Sq. Ft. land from the land owner in 2015 , and has constructed five flats on this 2500 Sq. Ft. in different floors . He is also the same person who has constructed all the six floors with 30 flats under a joint development agreement with the land owner , and has sold 29 flats in 2023 before this TN Govt. Act. came into force . It is obvious that the promoter has purchased a part of the land and has constructed flats on it and is selling one of it to me now which has remained unsold and unoccupied with NIL EB reading . The Sub Registrar says it is second sales . Am I eligible for 6 % Regn. Charges ?

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Dr. J C Vashista (Expert) 15 November 2024
Stamp duty and registration charges is a State subject, consult concerned Sub-Registrar / local lawyer or a document writer.

T. Kalaiselvan, Advocate (Expert) 15 November 2024
You are required to pay the applicable stamp duty and registration charges at the time of execution of registered sale deed, what is your actual query?

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