Stamp duty liability when agreement value is lower than ready reckoner value

Priyesh Shah (Querist) 29 May 2012 This query is : Resolved
Is it seller's liability or buyer's or both to pay the difference if the agreement value is lower than the ready reckoner value of the property.

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ajay sethi (Expert) 29 May 2012
liability of both parties . generally agreement contains a clause that stamp duty and registration charges shall be paid equally by both

Chanchal Nag Chowdhury (Expert) 29 May 2012
Check the Rules of Valuation pertaining to Stamp Duty. In WB, the SD is fixed by the Registrar. The difference in SD will have to be borne by the Purchaser only.
If your query is related to consideration between the parties, the ready reckoner value of the property is of no consequence.

Shonee Kapoor (Expert) 30 May 2012
It has to be borne equally or as agreed.

Regards,

Shonee Kapoor
harassed.by.498a@gmail.com

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