Payment of Stamp Duty
3 years ago
The property is situated in Neemuch, Madhya Pradesh. The owner is an old man who resides in Mumbai and cannot travel for registration of the property with the Sub-Registrar of Assurances and cannot go personally go for executing documents for selling/leasing/renting the property.
He wants to execute a Power of Attorney to his nephew (he does not have a wife or children) but he has a real brother.
What will be the stamp duty payable?
1) Rs. 500
2) As per market value of the property - As per Article 25, in which category will this fall as the property is not situated in Maharashtra?
A.Please consult local lawyer or the concerned department directly.
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