LCI Learning
Master the Basics of Legal Drafting in All Courts. Register Now!

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Stamp duty on transfer of property (pagdi system)

(Querist) 10 April 2012 This query is : Resolved 
Is there any stamp duty payable on transfer of property under pagdi system ????? and what is the procedure to transfer such property???
ajay sethi (Expert) 10 April 2012
you have to make application to landlord . generally a triparte agreement is executed between landlord , new tenant and old tenant for the property .

in mumbai some landlords insist that old tenant surrender the property and agreemet is executed betwen landlord and new tenant

the stmap duty would depend upon where you are located , value of the property
Jigar Dedaniya (Querist) 10 April 2012
Thank you Mr. Ajay Sethi
adv. rajeev ( rajoo ) (Expert) 10 April 2012
As per the state stamp act you will have to pay stamp duty
V R SHROFF (Expert) 12 April 2012
yes, the stmap duty would depend upon where you are located , market value of the property.

Chg of rent receipt still going on, avoiding stamp duty.


You need to be the querist or approved LAWyersclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :