GSankarraman 10 January 2017
adv.bharat @ PUNE (Lawyer) 10 January 2017
Sir if u are paying higher value then accordingly u need to pay higher stamp duty to state government. Hence no question of rejection by SRO.
Will u appreciate this answer by giving like on my LCI profile?
GSankarraman 10 January 2017
Thank you, Sir, for the clarification issued by you. Since, as you say, this is purely a legal contract between the seller and buyer, the buyer being prepared to buy it at the higher value, and the seller paying the tax involved, there being no surreptitious, out of accounts deal, the SRO should have no problem to register it at the higher sum. But there is an idea projected by some quarters that this would result in guideline value having to be altered. But I don't think that this is a necessary norm for altering the guideline value. Moreover, since the transaction doesn't involve out of account money being stored, the government should welcome it, more so due to the higher revenue received by the Government.
Thanks a lot
Respectful Regards
sankarraman