Registration of property on guideline value or selling price

Rekha Pandey (Querist) 13 May 2017 This query is : Resolved
The builder I'm buying the property is demanding the difference between the guidelines value and selling price in cash with no records at all. Also he is demanding me to pay vat in cash with no records at all. He is insisting us to get the registration done on guideline value. Whether I should agree to these conditions or I should call off the deal? Please explain.

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Rekha Pandey (Querist) 13 May 2017
Whether I should pay vat on completed property to the builder that too in cash and also the difference between the market price and guideline value in cash with no records at all?

Guest (Expert) 13 May 2017
It will be Up to You to decide.

Kumar Doab (Expert) 13 May 2017
The straight Forward answer is; NO.

Discretion to decide is yours.

Guest (Expert) 13 May 2017
Agree with Experts

Rajendra K Goyal (Expert) 13 May 2017
Agree with expert Kumar Doab.

Kumar Doab (Expert) 13 May 2017
Thanks for agreeing with me Mr. Rajendra K Goyal.

Kumar Doab (Expert) 13 May 2017
It is good to see statement of agreement with experts.

Ms.Usha Kapoor (Expert) 19 June 2018
I agree with Kumar Doab

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