I have transferred my home loan from pnb housing finance to AXIS BANK in the month of January 2024. At that time, the modt charges were 0.2%, so 14,900 was deducted by AXIS BANK from disbursement amount.
Later, after 3-4 months, karnataka government increased the stamp duty of modt to 0.5%. Now as on current date bank is asking me to pay the difference of 23,000 rupees after 7 months of taking the loan.
How is this possible? In this sense if I carry the loan for Full 30 year, and if government raise the stamp duty to 3%, Bank might ask me to pay extra 2 lakhs as modt.
Kindly advise on the same as bank is asking to pay the amount or my principal amount increases.
