Permanent alternate accommodation

Saurabh (Querist) 21 July 2016 This query is : Resolved
Our building is going for redevelopment. We are 5 flat owners in the building. These 5 flats include the conveyance holder, who is also the developer. We don't have a society or an association of apartments formed. The dveloper cum conveyance holder is redeveloping the building without a Development agreement as He's the owner of the land. We are directly going for permanently alternate accommodation agreement. Can we get the benefit of stamp duty to be paid of Construction cost on the extra 35% area offered to us by the developer?... the local registar refuses to give us the benefit of construction cost citing we do not have a development agreement.

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Guest (Expert) 21 July 2016
Mr. Saurabh,

Although the the query is well structured, but still its contents reveal as if it is an aacademic query.

However, the Registrar is quite right in refusing any rebate in stamp duty.