Stamp duty and registration fee on deed of cancellation
Mehta
(Querist) 14 March 2017
This query is : Resolved
Does Deed of cancellation of original sale deed requires any stamp duty and registration fee ? Please advise.
kavksatyanarayana
(Expert) 14 March 2017
In which State? the Registration Rules and executive instructions are some different from one State to one State. however for a cancellation of a registered deed requires stamp duty and registration.
Mehta
(Querist) 14 March 2017
Dear Expert adviser, property is in Mumbai, Maharashtra state.
Adv. Yogen Kakade
(Expert) 15 March 2017
Visit the nearest sub-registrar's office with the copy of the sale deed and get the information.
ADV-JEEVAN PATIL, MUMBAI
(Expert) 15 March 2017
yes as per rates prevailing in that state because property is already transferred on executing sale deed
Rajendra K Goyal
(Expert) 15 March 2017
Academic query.
State material facts of the problem if any.
How are you concerned / related with the query?
Dr J C Vashista
(Expert) 17 March 2017
Academic query.
Read provisions of Stamp Duty Act (as applicable in your state) as well as Section 7 of the Court Fees Act.
Mehta
(Querist) 31 March 2017
Original sale deed was done on June 1989 and it was registered with sub-registrar on May 1995. Since purchaser has not paid any amount of consideration now with mutual consent of both, we want to register a Deed of Cancellation.Both the parties are relatives - Seller is Mami/auntie & Purchaser is Bhanja
(1) Is this cancellation would be a valid & legal document?
(2) Can I get some reference citation in support of such transaction where in a nominal stamp duty & registration fee has been levied ?
Mehta
(Querist) 31 March 2017
Flat is in Mumbai, Maharashtra
Dr J C Vashista
(Expert) 31 March 2017
1. Sale deed is dating back to June 1989 whereas registered with Sub-Registrar in May 1995 and consideration is yet to be paid???
2. Unbelievable story.
3.Barred by limitation.
Mehta
(Querist) 31 March 2017
Expert Vashistaji, We could not registered sale deed in time hence we registered the deed of confirmation within time limit of 4 months. Consideration not paid due to relatives.
