Registration duty and stamp duty on property bought
4 years ago
Sir,
I am from Kolkata, buying a flat whose total price is 1.05 crore( this price includes price of property plus GST ). My query is WHILE REGISTERING this flat, registration duty & stamp duty will be calculated on price of property ,or on total price i.e 1.05 crore (which includes GST). To add confusion to this , builder has not separated out this price in sale agreement and has mentioned amount to be paid in each installment...i.e if I have to pay 10 installment, builder mentioned pay Rs 10 lakh 50 thousand. In that case, i may land up paying registration duty & stamp duty on GST paid. How to rectify this problem?
A.Dear Sir,
You may contact local lawyer who is acquainted relevant local laws.
You may contact local lawyer who is acquainted relevant local laws.
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Pavan kumar Gudipati
Responded 4 years ago
A.Only on the price of the property , that too on market value by Govt. GST can be deducted.
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