Share
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string(1208) "[B]2) Stamp[/B]
[B]duty to investor [/B]
As per article 5(g-a)(ii) of schedule 1 of the Bombay stamp duty act.1958.
If relating to the purchase of one or more units in any scheme or project by an person, from a developer, who subsequently sells the unit, the duty chargeable for each unit under this clause shall be adjusted against the duty chargeable under article 25(conveyance) after keeping the balance of one hundred rupees, if such transfer or assignment is made within a period of three years from the date of the agreement. If on adjustment, no duty is required to paid, then the minimum duty for the conveyance shall be rupees one hundred.
[B]Explanation : [/B]for the purpose of this clause, the unit shall include a flat, apartment, block or any other unit by whatever name called, as approved by the competent authority in the building plan.
According to 5g-ii rule for investor, the investor can transfer or sell the property by just paying difference in the property value now and then(when he did registration and paid the stamp duty of that value with the builder)
please let me will it work, in the same way."
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duty to investor
As per article 5(g-a)(ii) of schedule 1 of the Bombay stamp duty act.1958.
If relating to the purchase of one or more units in any scheme or project by an person, from a developer, who subsequently sells the unit, the duty chargeable for each unit under this clause shall be adjusted against the duty chargeable under article 25(conveyance) after keeping the balance of one hundred rupees, if such transfer or assignment is made within a period of three years from the date of the agreement. If on adjustment, no duty is required to paid, then the minimum duty for the conveyance shall be rupees one hundred.
Explanation : for the purpose of this clause, the unit shall include a flat, apartment, block or any other unit by whatever name called, as approved by the competent authority in the building plan.
According to 5g-ii rule for investor, the investor can transfer or sell the property by just paying difference in the property value now and then(when he did registration and paid the stamp duty of that value with the builder)
please let me will it work, in the same way.
Comment