"A" wanted to buy a Flat and want to Register Urgent Please
SATYANARAYANA K
(Querist) 20 March 2010
This query is : Resolved
"A" wanted to buy a Flat from the Builder is "B", "A" gave Rs.4,00,000/- as advance payment to "B".
Now "B" executed a agreement to sale with condition within 3 months.
Now "A" wanted to Register his flat from the Builder, the building having 2 floors,
Now "A" wanted to Register his flat with low Registration Fee
Please give suggestion, and if having G.O regarding Andra Pradesh Govt.
I was enquired in Register office they told that Generally Sale deed is 9.5% Registration Fee
In case of Apartment there will be 2.5 % Registration Fee
I am not having G.Os if any body G.Os please give me
I am waiting for your Valuable suggestions, thank you to all Experts
A V Vishal
(Expert) 20 March 2010
IGNORE THE ABOVE POST
A V Vishal
(Expert) 20 March 2010
GOVERNMENT OF ANDHRA PRADESH
ABSTRACT
Registration and Stamps Department – Indian Stamp Act, 1899 – Remission of
stamp duty payable on flats/apartments by 5% payable under Article 47-A(d) of
Schedule 1-A to the Indian Stamp Act, 1899 – Notification – Orders - Issued.
REVENUE (REGISTRATION .I) DEPARTMENT
G.O.Ms.No.01 Dated :: 01-01-2009.
Read:-
From the Commissioner and Inspector General of Registration
and Stamps, A.P.,Hyderabad, Lr.No.S1/19890/08, dt 22-12-2008.
-0o0-
ORDER:-
The following notification will be published in the Extraordinary Issue of the
Andhra Pradesh Gazette, dated 01-01-2009.
NOTIFICATION
In exercise of the powers conferred by clause (a) of sub-section (1) of
section 9 of the Indian Stamp Act, 1899 (Central Act II of 1899), the Governor of
Andhra Pradesh hereby remits the Stamp duty of 5% payable as per Article 47-A(d)
of Schedule- I-A to the Indian Stamp Act, 1899 on the sale deeds in respect of
residential flats/apartments including semi finished structures. The remission is
applicable to flats/apartments measuring upto 1200 Sft. or below including
common area excluding parking area. The remission shall be applicable from 01-
01-2009 to 31.12.2010.
2) The guidelines for implementation of this remission are as specified in the
Annexure.
(BY ORDER AND IN THE NAME OF THE GOVERNOR OF ANDHRA PRADESH)
K.RATNA PRABHA
PRINCIPAL SECRETARY TO GOVERNMENT
To
The Commissioner, Printing, Stationery and Stores Purchase,
A.P.,Hyderabad (with a request to publish the notification and furnish
(200) copies to the Commissioner and Inspector General of Registration
and Stamps, A.P.,Hyderabad and (50) copies to the Government.
The Commissioner and Inspector General of Registration and Stamps,
A.P.,Hyderabad.
Copy to:
The Finance (Expr.Rev )Department.
The Law (E) Dept.
SF/SC.
Forwarded :: By order
SECTION OFFICER
ANNEXURE TO G.O.Ms.No.01, Revenue (Regn.I) Department, dated 01-01-2009.
GUIDELINES FOR IMPLEMENTATION OF 5% REMISION OF STAMP DUTY IN RESPECT OF
FLATS/APARMENTS
The Government have decided to remit the stamp duty in respect of
Flats/Apartments admeasuring 1200 Square feet and below used for residential
purposes from 01.01.2009 to 31.12.2010. The following instructions are given for the
guidance of registering officers to properly implement the decision of the
Government:
i) The concession is applicable to all flats/Apartments including semi
finished structures having plinth area of 1200 Square feet and below,
including common area excluding parking area
ii) This concession is applicable to all Flats where there are (5) or more
tenements in any Apartments/buildings subject to building plan
approved by the competent authorities (Sanctioning authority like
GHMC, local bodies etc.)
iii) The concession is not applicable to independent houses and
flats/Apartments having less than (5) units.
iv) This concession is not applicable to Apartments/Flats/Shops used for
commercial or purposes other than residential usage.
v) The concession is applicable to one time registration only.
vi) It must be ensured that full flat is registered and no ‘portion of the flat
shall be allowed to be registered. For this purpose, the boundaries of
the flat must be thoroughly verified. In the boundaries, if there is any
mention of portion of flat etc, the concession shall not be allowed.
vii) The concession is applicable only to Stamp Duty. The Transfer Duty
and registration fees will continue to be levied at the existing rates.
viii) The period during which the concession will applicable is 01.01.2009
to 31.12.2010.
K.RATNA PRABHA
PRINCIPAL SECRETARY TO GOVERNMENT
B.B.R.Goud.
(Expert) 26 March 2010
yes, i do agree with the same above...
our learned counsel have given sufficient solution...
