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ANKIT KIRITBHAI SHAH (ADVOCATE)     22 June 2015

Stamp duty and registration charges in gujarat

Sir,

What is the rate of STAMP DUTY and REGISTRATION CHARGES in Surat, Gujarat on purchase of flat?

If I purchase a flat of Rs. 30 lakhs, out of which Rs. 14 lakhs given by my mother and rest Rs. 16 lakhs controbuted by me via LOAN ON MY NAME, can I make all the documents and flat on my mother's name?

In short I want to purchase flat on my mother's name. Is that possible?

Your earliest response in this matter shall be highly appriciated.

THANKS IN ADVANCE

ANKIT SHAH



Learning

 2 Replies

Subash M R (Advocate)     22 June 2015

Since you are going to avail bank loan for rest of funding,bank will insist you to be a co-owner with your mother in the sale deed.

Thanking you, 

K.Manivannan   24 June 2015

Yes. Bank will insist as you will also be one of the purchaser. If you are not availing bank loan you can get property in name of your mother

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