Querist :
Anonymous
(Querist) 25 December 2018
This query is : Resolved
A land owner mortgaged an empty land(without any buildings) to a financial company. After two years he rented the mortgaged land to run a dyeing factory. The tenant built buildings and erupted machineries on his own expense in the same land with owner permission. After two years when the land owner failed to pay the debts to financial company the land came for auction. The tenant who has invested a huge sum on civil construction and machineries comes forward to buy the auctioned land under SARFAESI ACT to run his company as before. Now the query is whether the tenant (purchaser of the auctioned property) has to pay the stamp duty only for the land which is auctioned or for the buildings also which was constructed by the tenant himself on his own expense??
Kumar Doab
(Expert) 26 December 2018
Pls don’t post as AQ and post with your ID and you can get many responses. Your ID does not mean your email id or phone number etc and don’t post these. Before attaching any document erase all names, logo, email id, phone number, address etc to maintain confidentiality. Obtain proper legal opinion in writing from LOCAL counsel specializing in concerned field of law.
Trouble Logging in? Try following the given steps -
1. Visit your inbox to find a confirmation mail from LAWyersClubIndia.
2. Click on the confirmation link and confirm your signup