Hello,I am in the process of purchasing a land with a new constructed house (not finished). This week we went to register the land (value 13 lakhs) and purchased a stamp duty for 1 lakh and started filling in details and pasting photos. While we were filling in details in the stamp duty, the bank lawyer who dispatch the loan amount came and said the land and the construction should be registered since the bank is giving loan for 40 lakhs including the construction.
It works out to about 3 to 4 lakhs more for the registration (of construction building), which we cannot afford at this point. So at this last step we are considering dropping this property purchase. My question is will I be able to get a refund for the 1 lakh stamp duty that is already paid & content typed, BUT WILL NOT BE USED FOR REGISTRATION. I would highly appreciate any help in providing answer to this question.
Thanks very much!