Buyer did contract, on rs. 100/- stamp paper and in notary, to buy property with seller. Cost of the property is 10 lacks. On contract 2.5 lacks paid. After two months another 2 lacks (1cash and 1 chq) paid. On the receipt of 2 lacks no revenue stamp is used and it is on plain paper. The whole transaction could not be completed. After 2 years buyer went to court and file the case to complete the transaction. In case proceedings seller admit contract and other receipt. However, he denied 1 lack cash written in receipt. Court ordered impounding of receipt. Receipt and sent to registrar. Now registrar says they will check valuation of property and charge fees on that amount.
1)How much amt. should be charged for impounding on a receipt of rs. 2 lacks? (just because revenue stamp not used.)
Any case law..
