Dear Sirs,
As per my knowledge, the stamp duty for lease deed in Tamilnadu in 2019 was
1% for below 30 years
4 % for above 30 years and up to 99 years
7% for above 99 years.
We have executed a lease deed from 11/03/2019 to 11/03/2048 and paid 1% stamp duty for registration under the impression that it was below 30 Years (29 years and one day). The registration authorities did not raise any dispute at the time of valuation for registration and the document was registered.
But, now, the registration authorities claim that it was above 30 years and not below 30 years (even one day beyond 29 years) and hence we have to pay 4% stamp duty.
Is it correct? Also, help me where to find the Stamp duty slab rates for lease deed registration to read the actual wordings.
