Mayuresh Gujar (Jr) 03 June 2014
I am going to register a final sale deed of a flat property. at the time of transaction, consideration / value of the flat was Rs. 5,00,000/-. Now govt valuation of flat is Rs. 20,00,000/-. Agreement was not registered but notarized. Can section 43(c)(A) will be applicable to old notarized agreement?
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 09 June 2014
Provision of Section 43CA shall be applicable in case of transfer of ownership of property by any mode. In case, transfer of immovable property takes place without registration of sale deed but by way of execution of sale agreement / Power of Attorney or by way of transfer with the regulatory authority or in any other manner, provision of Section 43CA shall be applicable.
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