I have a property and buyer wish that i (seller) should pay the regitration fee/ stamp duty and ready to pay me this extra amount.
I should do it as i heared it buyer's responsibility?
Dr. Amit Gupta (Scientist) 15 July 2017
I have a property and buyer wish that i (seller) should pay the regitration fee/ stamp duty and ready to pay me this extra amount.
I should do it as i heared it buyer's responsibility?
Laxmi Kant Joshi (Advocate ) 15 July 2017
Kumar Doab (FIN) 15 July 2017
Both of you can decide it amongst yourself.
Advocate Bhartesh goyal (advocate) 15 July 2017
Kumar Doab (FIN) 15 July 2017
Usually it is also narrated in agreement to sell.
Ms.Usha Kapoor (CEO) 16 July 2017
Anyway let the seller Pay stampduty and registration fee if you both, buyer AND SELLER AGREE. LATER ON THE BUYER WOULD REIMBURSE YOU./THE SELLER.
P. Venu (Advocate) 16 July 2017
The provisions of the Statute are silent on this aspect.
Suneet Gupta (www.vashiadvocates.com) 17 July 2017
As per the Statute, the Stamp Duty receipt can be in the name of the Buyer or the Seller. Usually, the Buyer and Seller can agree on who shall pay the Stamp Duty, and it is mentioned in the Agreement to Sell. Conventionally, the Buyer pays the stamp duty, but that is not essential as the Seller can also pay in his name. I am not sure what is the confusion here - if the Buyer is ready to compensate you, then you can pay in your name. If it is a case of income tax issues, then you can show the entire sale consideration in your return and then deduct the stamp duty as the expenses related to the sale of the property.
Kumar Doab (FIN) 17 July 2017
Decide amongst yourself and narrate in agreement.
Take care that narration is inserted in sale deed.