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I have a query pertaining to the Stamp duty


15-Sep-2023 (In Property Law)
V had land given to builder for development, agreement was made bet my father and builder , 1 flat was alloted to us which was register on my name and stamp duty was paid at time of registration, but now when approach bank for mortgage loan they said to change agreement for which I hav to pay stamp duty and tax again which goes to 4% of flat value , what is alternative now my father is no more , what is the procedure
Answers (2)

Answer #1
548 votes
Dear Querist
your facts are not complete to ascertain as to why bank has stated to ask for change of agreement and what document was tried to be mortgaged by you.
You can obtain probate of will in case your father died testate and else will have to obtain succession certificate or letters of Administration.
what is the status of project?All these details would be required to give a correct and authentic advise
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Answer #2
520 votes
Please approach 3-5 banks to make sure if what is required is in line with authenticated process. By the gist of Details given by you there seems to be a certain amount of ambiguity. Take it in writing with the bank.
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