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Buy 2nd Owner 25yrs Old Flat


03-Oct-2023 (In Property Law)
I am looking to purchase a 25 yrs old 2nd owner flat whose registration is not done yet. Not sure on whether stamp duty is paid. How can I move legally to purchase the such flat? Is it possible to buy it?
Answers (1)

Answer #1
591 votes
This is my response to you:
1. Firstly you need to know if stamp duty is paid or no;
2. Also find the year of purchase was before 1985 then Rs.5 had to be paid;
3. Registration is a must;
4. If you purchase now, then you might have to register it by paying penalty;
5. Consult a local lawyer, let him/her verify the documents and then take steps forward.
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