Stamp duty and registration for govt allotted land
msk
(Querist) 25 September 2012
This query is : Resolved
Sir, I am from Aurangabad,Maharashtra,working in Govt of Maharashtra Company. Sir, Collector has allotted a piece of Govt Land for construction of sub station. Accordingly the occupancy price i.e. cost of land as per ready recknor rates Rs 6,80,000/- and Interest over it Rs 13,08,000/- has been deposited by our company.Total amount deposited Rs 19,88,000/- to Collector.As per Maharashtra Govt Circular dated 31/10/2006, Collector has directed to execute the agreement bond with necessary Stamp Duty and Registration charges. Sub registrar has informed the amount of Stamp duty at 4% and Registration charges as 1% over total amount of Rs 19,88,000/- i.e. Rs 99,400/-.
Now question is whether the Stamp Duty and Registration charges are applicable on Interest amount of Rs 13,80,000/- also.
Please give your valuable guidelines.
ajay sethi
(Expert) 25 September 2012
it would be on total amount payable for plot inclusive of interest
Rajeev Kumar
(Expert) 25 September 2012
It is the total amount payable on plot and the plot price is now become the principal amount of plot and the interest paid on plot. Yes in the case of govt. plot you have to pay the stamp duty on both.
