LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

rajeshverma (business)     07 March 2016

can I buy property less than government value ?

Hi experts. Can I buy property less than government value? For example, I am buying property for 30 lakh but its goverment value is 50 lakh. I am paying stamp duty on 50 lakh but buying it for 30 lakh. Kindly help. Thanks all.


Learning

 5 Replies

Advocate Kappil Cchandna (Expert Bail & Criminal Defence Lawyer at Delhi Supreme Court of India)     08 March 2016

Sir, When you r paying the stamp duty then the government is hardly bothered about the money u are paying in buying the same ... Warm Regards Kapil Chandna Advocate 9899011450

rajeshverma (business)     08 March 2016

So it means, its ok to buy the property .

rajeshverma (business)     08 March 2016

So it means, its ok to buy the property .

rajeshverma (business)     08 March 2016

So it means, its ok to buy the property .

Nitish Banka (lawyer)     08 March 2016

Dear Sir,

you need to pay stamp duty as per the circle rates prescribed by the government. Else the property will not get registered/.

Warm Regards,

Advocate Nitish Banka

9891549997

 

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register