Year 1990 pending stamp duty to be paid now

kavkaz (Querist) 04 May 2016 This query is : Resolved
Hi,

Please let me know the approximate amount of stamp duty which I need to pay as per Maharashtra Mumbai Stamp Duty Act, wherein the stamp duty is not paid by the first owner of my flat purchased in the year 1990 at Rs. 425,000.

Thanks.

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Rajendra K Goyal (Expert) 05 May 2016
Repeated query:

http://www.lawyersclubindia.com/experts/Year-1990-pending-stamp-duty-to-be-paid-now-597241.asp#.Vys8aIR97IU

M V Gupta (Expert) 06 May 2016
u may have to pay a very heavy duty and penalty. Submit the document for adjudication to the Registrar for determining the duty.

Guest (Expert) 06 May 2016
In Maharashtra last stamp duty amnesty scheme was in 2008-09

(Between 1995 to 2009 there where total 5 amnesty scheme)

Unfortunately you have not taken privileged that time.

You have two options only left

1) Do adjudication (Process by which authority officially determine Stamp Duty and Penalty) . Pay it

2) Hope for next Amnesty scheme

( 7 Years ago amnesty scheme was there )

(Between 1995 to 2009 there where 5 scheme , so average that time amnesty scheme was every 3 years)

Now it is 7 years so you never know whether they will introduce again or not.

**** Due to complexity in Registration Act from 2011 they are reluctant to introduce Stamp Duty amnesty scheme as State Govt is discouraging evading payment of stamp duty as it is second largest source of revenue for state and if party is absent (Seller) than registration can not take place under Registration Act

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