Stamp duty
Querist :
Anonymous
(Querist) 18 December 2011
This query is : Resolved
when an A co owner of immovable properties want to release his right to B co owner in his favour then what will be the charges occur for the stamp duty..
In above case there are 2 co owners of the property..
Mr . B. L sharma
adv. rajeev ( rajoo )
(Expert) 19 December 2011
Such release amounts to relinquish of rights. I think stamp duty is minimum. Refer the state stamp act.
Devajyoti Barman
(Expert) 19 December 2011
It would differ state to state.
In WB it is 6%.
The stamp duty would be assessed on the half shre he is relinquishing.
Sailesh Kumar Shah
(Expert) 19 December 2011
add:-
In UP Rate of Stamp Duty = 5%+2%*.
*IF within the limit of development authority.
Raj Kumar Makkad
(Expert) 19 December 2011
Relinquishment Deed can be got executed whose stamp duty differs in State to State so without having knowledge of the location of your property, nothing concrete can be got opined.
Querist :
Anonymous
(Querist) 19 December 2011
what would be in maharashtra state?thanx for ur reply
Sailesh Kumar Shah
(Expert) 19 December 2011
Send Pm to Mr.Ajay Sethi,MR.V R Shroff could answer you.
Raj Kumar Makkad
(Expert) 19 December 2011
Shah! Do not try to limit the knowledge of others. Should the knowledge of an expert be through limited within the boundaries of his State? Can he not answer any query pertaining to some other State or the resident of that State has got any preferential right to reply and is this your duty to intimate the author that a particular expert shall reply this query? Have you been authorized by Admin to do so?
I think we should not post such comments and let each and every expert to make their relevant replies as per his knowledge and availability of time.
Author! in Maharashtra, the stamp duty of Rs. 50/- is required to the registration of Relinquishment Deed as on date.
Sailesh Kumar Shah
(Expert) 19 December 2011
Makkad Sir,
I never try to limit the knowledge of other learned experts. I have not mentioned that other could not answer. I just help author.
This practice is also use other learned experts.
I hope, you would find me correct.
Thanks
with Regards,
Querist :
Anonymous
(Querist) 19 December 2011
Hello sir..the stamp duty of Rs. 50/-is not correct...can you pls check it again for me because i am not getting right answer from anybody..bt i am sure Rs 50 is not correct amount..
kindly help me as i need right information about the amount
Sailesh Kumar Shah
(Expert) 20 December 2011
Makkad Sir,
Subsequent question of author is valid or not?
Guest
(Expert) 20 December 2011
Dear Mr. Sharma,
You have not specified the area of Maharashtra where the property is situated, as the rates of stamp duty are different in different areas of Maharashtra.
However, same duty is charged as on a conveyance of immovable property as on the market value of the share, interest or part renounced by any one (other than the release of an ancestral property in favour of certain specified relatives).
The rates of stamp duty in different areas for every value of Rs.500 or part are as follows:
(i) In Rural areas within Bombay Metropolitan Region (BMR): Rs. 25 (for each Rs.500 value)
(ii) Residential property in Rural area not in BMR: Rs. 5 (for each Rs.500 value)
(iii) Non-residential property in Rural area not in BMR: Rs. 15 (for each Rs.500 value)
(iv) In C Class Municipal Councils: Rs. 20 (for each Rs.500 value)
(v) In B Class Municipal Councils: Rs. 25 (for each Rs.500 value)
(vi) In A Class Municipal Councils: Rs. 25 (for each Rs.500 value)
(vii) In Municipal Councils of Mumbai, Pune, Thane and Navi Mumbai: Rs. 25 (for each Rs.500 value)
(viii) In Municipal Councils of certain Hill Stations: Rs. 25 (for each Rs.500 value)
(ix) In Municipal Councils of BMR, Devlali, Dehu Road: Rs. 25 (for each Rs.500 value)
Querist :
Anonymous
(Querist) 20 December 2011
Thank you very much sir for the information...
other question is that if i made a mistake in sale aggreement and written the flat no wrong so what would be the procedure to corect it?
rest everthing in registration document is correct..
the matter is for the mumbai subburban..
Shonee Kapoor
(Expert) 20 December 2011
:-) If the property no. is wrong, it is void, you can go for cancellation of the deed and get a fresh deed signed.
Regards,
Shonee Kapoor
harassed.by.498a@gmail.com
Guest
(Expert) 20 December 2011
I endorse the views of Shri Shonee Kapoor.
Sailesh Kumar Shah
(Expert) 20 December 2011
Makkad Sir,
please go through below link, you would find that this practice also adopts by other learned experts:-
http://www.lawyersclubindia.com/experts/Mutual-divorce-229346.asp
http://www.lawyersclubindia.com/experts/Stamp-Duty-260581.asp
Thanks
with Regards,
Querist :
Anonymous
(Querist) 21 December 2011
thank u for the support..however mr.shah as per the rule of registration 351 manual it is wrottem tht..
supplementry document correcting mis-description or clerical error in a previously registered document ..same fee as for the original ,subjuect to a maximumof rs 5...
(7) Supplementary document correcting misdiscreption or clerical error in a previously
registered document as provided in Rule 351
of the Registration Manual Part II.
Same fee as
for the
original,
subject to a
maximum of
Rs.5.00
iasked you coz i am getting multiple answers from everbody so i am confused if the above sayin is applicable..
thanks
