Stamp Duty on Substitution of Mortgaged Property with Bank as Collateral Security
1 year ago
We intend to substitute a property mortgaged with the Bank as collateral security with another property of approx. same value for which Bank has no objection, however the bank is asking to pay the full stamp duty of 0.30% on total loan under 6(2) of Maharashtra Stamp Duty Act.
We are of the opinion that we have to pay a flat Stamp duty of Rs. 500/- since there is no increase of loan amount and there is no change of primary security, even if there is an increase in loan amount than the stamp duty chargeable would be 0.30% to the extent of additional sanctioned/disbursed amount.
A.Dear Sir,
You have to contact the local lawyers or to be on safer side to contact the concerned staff members of Sub-Registrar office to know the exact position on the above issue.
You have to contact the local lawyers or to be on safer side to contact the concerned staff members of Sub-Registrar office to know the exact position on the above issue.
Helpful
Helpful
Share
A.Dear Client,
It is advisable to consult a bankruptcy expert in this query. You can also call the number provided on the website. Thank you.
It is advisable to consult a bankruptcy expert in this query. You can also call the number provided on the website. Thank you.
Helpful
Helpful
Share
Read Related Answers
Loan
Dear Client,
A co-applicant/borrower is equally liable for repayment of the debt if the principal Borrower fails to repay it and if after exercising all the steps for recovery of debt against the Bor...
Compassionate appointment
Dear Client,
The SBI rules can not be breached. it could be the policy of the bank to not hire anyone. Please check with the rules and guidelines for heiring employees
Education Loan OTS
Dear Client,
Try to go to the online portal of the said bank and complaint about grievance through the same. it is advisable to repay the loan amount within the stipulated time or you may face seizur...
Sbi account put on stop by cyber security
Dear Sir/Madam,
Under the following provisions the Hon’ble Magistrate Court having ample powers to unfreeze the Bank accounts. Further, the Hon’ble Court has vast powers to hand over the properties/v...
My bank account got freezed
Dear Client,
Once a cybercrime scam or fraudulent transaction is reported online to the National Cyber Crime Reporting Portal(NCCRP), on the instruction of the Cyber Crime Cell, the investigating tea...
Read Blogs on Banking
Banking Lawyers
Find Lawyers by Location
