We are taking loan from Bank and Deed of Hypothecation (properties in Kolkata, Mumbai,Delhi and gardens in Assam / West Bengal).
Could we execute Deed anywhere in India , where stampt duty is applicable
Jayanta Bandyopadhyay 27 August 2024
We are taking loan from Bank and Deed of Hypothecation (properties in Kolkata, Mumbai,Delhi and gardens in Assam / West Bengal).
Could we execute Deed anywhere in India , where stampt duty is applicable
T. Kalaiselvan, Advocate (Advocate) 27 August 2024
The collateral security for properties located in different cities can be executed in one city also.
If the deed is executed by a registered deed then the applicable stamp duty is to be paid.
Jayanta Bandyopadhyay 27 August 2024
Many thanks ,Sir.
Could we register the deed in any state in India, which levies the lowest stamp duty.
Our registered office is in Bengal, Corp Office in Maharashtra
Regards,
kavksatyanarayana (subregistrar/supdt.(retired)) 27 August 2024
No. Only where the properties are situated, you shall get registration of the jurisdiction ie. Kolkata, Mumbai, Delhi or Assam. Not in anywhere India.
Jayanta Bandyopadhyay 28 August 2024
Sir
We are giving charges of properties in Mumbsi,Kolkata and Assam
Then multiple states are involved.
Where to execute Deed.
T. Kalaiselvan, Advocate (Advocate) 28 August 2024
You can execute the the registered deed in any location where at least one of the property is located.