Under value registration of property

sembaianathan.k (Querist) 15 February 2013 This query is : Resolved
Dear Sir,
Is there any way to execute a sale deed below the guideline value and stamp paper(below the GLR) only for the amount received as the GLR is highly inappropriate for that property.
Thanks in advance.

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Advocate Ramesh (Expert) 15 February 2013
If you execute a sale deed below the guideline value, then the concern registrar sent to RDO. From them you received a notice. If you satisfy the queries raised by RDO, then its ok.

Nadeem Qureshi (Expert) 15 February 2013
agree with ramesh

prabhakar singh (Expert) 15 February 2013
That you can not do.Buyer is liable to pay stamp duty either on DM's valuation or on consideration paid which ever is greater.

R.K Nanda (Expert) 15 February 2013
agree with Prabhakarji.

prabhakar singh (Expert) 15 February 2013
THANKS NANDAJI!

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