LOST SALE DEED/EXCHANGE DEED.
ARUN JOGALEKAR
(Querist) 26 March 2010
This query is : Resolved
Dear Sir,
I have lost the original registered sale deed for a flat under construction.
I have a certified copy from the registerar for this sale deed, plus have already placed a public notice and a fir copy. However,to avoid problems in the future,
Now is it possible that a "exchange deed " be executed, wherein I surrended this flat to the builder in lieu of another flat.
In this event, what would be the cost, Will I have to pay differential stamp duty, or, I will have to pay the full stamp duty.
Kindly advise, the procedure, and the costs involved.
B K Raghavendra Rao
(Expert) 27 March 2010
It is a registered sale deed. It means the property has passed on to your hands from the builder. If you want to surrender, it should be only by means of another sale deed for which stamp duty and registration fee as applicable need to be paid. If you want to purchase another flat, you need to repeat the procedure once again. Exchange deed does not apply in your case.
