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I sale property with sale deed in may 2022 with mud house to buyer in 8 lakh(as per property value r
28-Feb-2023 (In Property Law)
I sale property with sale deed in may 2022 with mud house to buyer in 8 lakh(as per property value record 5.35 lakh land value) . But buyer shows it's value in value report 34 lakh and paid stamp duty of 34 lakh as he showing RC CONSTRUCTION property. But there is no Rc construction till date. I have photo copy of property for evidence. In deed also mentioned property is only MUD HOUSE. Can I cancel this sale deed registration without court case as buyer also agree to cancel and ready to do new agreement. nnIn which condition our stamp duty will refund by government in rectification(34 lakh to 8 lakh as new property valuation report will be added in rectification deed) or cancel sale deed. nnCancel deed stamp fees chargable in Maharashtra Or without new stamp duty fees we can register on normal stamp register cancel deed. nnAll this I want to do before march 2023 because as per Income tax payment taken below stamp duty value( 34 lakh -8 lakh) penalty to both buyer and seller.
parties to original deed can cancel the transaction, if they mutually agree by entering into a cancellation deed. stamp duty refund is a different time consuming process altogether, which can happen after original deed is cancelled. Rest of case specific queries can be answered upon professional engagement and undertaking research of practices being followed
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Adv. Amit Agashe
Pune | 200+ Answers
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yes we can cancel the sale deed without going into the court by executing cancellation of deed .... but you will not get a stamp duty refund .
and you parties can cancel any deed within 3 years of execution
and you parties can cancel any deed within 3 years of execution
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Adv. Rahul Ramesh Joshi
Pandharpur | 25+ Answers
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