stamp and registration act
VIKAS GARG
(Querist) 11 March 2010
This query is : Resolved
here my question is that if any consent decree is passed by court in relation of immovable property then "is it necessary to pay stamp duty to get it registered?"
plz tell clarify the law in this regard.
N RAMESH.
(Expert) 11 March 2010
If the consent decree effects any transfer of right/interest in immovable property, stamp duty is payable on registration, according to the recitals of the consent decree.
Tarun Kalra LL.M, M.B.A
(Expert) 11 March 2010
YES, IT IS MANDATORY ON REGISTRATION OF DOCUMENTS U/S 17 OF REGISTRATION ACT
Raj Kumar Makkad
(Expert) 11 March 2010
I add in the opinion of the experts that if the consent decree was based upon family settlement then no stamp duty is payable.
Uma parameswaran
(Expert) 11 March 2010
In partition suit also no stamp duty is required.