Stamp duty on resale flat
Vinayak
(Querist) 02 January 2016
This query is : Resolved
Hello,
I am buying resale flat in Navi Mumbai & want to know about stamp duty amount appliable on resale flat. Context is the first owner paid the stamp duty in the same month in which he is saling the flat to me.In this case pls.clarify whether I have to again pay the stamp duty on 2nd purchase?
kavksatyanarayana
(Expert) 02 January 2016
Author, yes. you are purchasing the property for which you have to pay stamp duty as prescribed by Maharashtra Stamp Act. consult a local advocate or a senior document writer even the sale is 2nd purchase/3rd purchase and so.......
Laxmi Kant Joshi
(Expert) 02 January 2016
Yes, you have to pay full stamp duty as per maharashtra stamp act .
K.S.Srinivas
(Expert) 05 January 2016
Even you are buying a resale flat, you have to pay stamp duty as per existing rates in Maharshrata.
T. Kalaiselvan, Advocate
(Expert) 10 January 2016
This is a transfer of property by a registered transaction hence the purchaser is bound to pay the stamp duty for registering the sale deed executed in his favor by the vendor. There is no question of when this property was bought by the vendor, the applicable stamp duty is to be paid on transfer or else the deed will be invalid in law.
The rates may be enquired locally.
