Before I begin mentioning the advice I am looking for, will like to share the below information for a better understanding.
Only a token amount is given to the seller, the process of the paper work is till going on, so the flat intended to be purchased by my in-laws is not still registered nor any stamp duty paid as it's still in the process with the verification of the documents.
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I am hoping you can assist.
There has been a sale of an ancestral property for 9.7cr in 2025 here in Mumbai
Now my mother-in - law wishes to buy 2 flats from those funds which now totals to 10.35cr.
Without considering any other cost involved, One flat is costing 5.15cr and the other 5.20c
Does she she have to pay stamp duty for both these flats or can both or atkeast one paid stamp duty payments be refunded at the time she files her tax returns ?
I believe, since she is buying the property on her name who will be be primary owner she pays 5% of stamp duty charges but what if she wishes to add her husband and her son, does it still remain as 5% or does it increase to 6% as they are males ?
Please assist and thank you for taking the time to read this out.
