Registration & stamp duty on land (partnership firm)
Hiren
(Querist) 10 July 2015
This query is : Resolved
Mr. A land owner and Mr. B. developer. Mr. A and mr. B. enter into partnership firm. Mr. A. introduces land in the name of Firm from his name at cost of stamp duty value as book value. Mr. b. introduces all other expenses such as legal approval, construction cost.
There is necessary for registration and stamp duty for transferring Land in the name of firm?
If Mr.A Give power of attorney in the flower of partnership firm it is sufficient as alternately all flat is sold to buyer.
P. Venu
(Expert) 10 July 2015
Stamp duty varies from State to State.
Rajendra K Goyal
(Expert) 10 July 2015
Consult local lawyer and show him all the documents.
Dr J C Vashista
(Expert) 11 July 2015
The partnership firm has to engage a local prudent lawyer for proper advise and proceeding.
adv.bharat @ PUNE
(Expert) 30 July 2016
The partnership firm has to engage a local prudent lawyer for proper advise and proceeding.
Stamp duty varies from State to State.
