Stamp Duty & Registration
Dhruva Shah
(Querist) 11 January 2010
This query is : Resolved
Dear All,
I would like your help in the following case :
A Flat was purchased through auction from a Semi Government Company (2nd party) say in 2007.For Stamp Duty & Registration purpose it was put to adjudication in the end of 2009.
Which Stamp duty rates shall apply? 2009 or 2010?
Should the sale value by the 2nd party be considered final for the purpose for stamp duty valuation ?
Please reply ASAP.
Your help will be deeply appreciated.
Thanks & Regards.
Raj Kumar Makkad
(Expert) 12 January 2010
The stamp duty shall is payable at the rates prevailing on the day of registration and not on the day of adjudication.
Dhruva Shah
(Querist) 15 January 2010
sir , stamp duty shall be payable on the Agreement value as entered into or the MV ? Because I have read a clause wherein if a flat has been purchased from Govt Body the agreement value shall be the value for the calculation of Stamp Duty....Please clarify
