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Stamp duty and registration fee on under-construction property (RERA)
07-Dec-2023 (In Property Law)
I have booked an under-construction property in Mumbai, which is RERA registered. The builder is asking for stamp duty and registration amount both to register the agreement of sale. I know that registration is mandatory. Can the stamp duty be paid later at the time of completion of property? Or does it need to be paid along with registration fee payment?
Respected sir /madam
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kindly provide the more details of you matter as to enable me to guide you on. right way you can share me all details on my WhatsApp number which is available on my profile so please check my profile and contact me on my WhatsApp . thanks.
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14+
Adv. Pathan Said Ahmed Khan
Ambajogai | 200+ Answers
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How is payment done for under construction property?
The loan is typically disbursed in installments. The builder will demand payment and you can avail of portions of the loan. Some lenders charge EMIs only on the amount that has been disbursed. The monthly installments are therefore much lower.
Do we need to pay GST for under construction property?
The GST rate for an apartment that is currently under construction (affordable homes) is 1%, without ITC. GST on luxury apartments (under non affordable housing) is 5%, without an ITC. If you're considering buying a new, ready-to move-in flat, GST will not apply. 29-Aug-2023
What is the stamp duty and registration charges in Karnataka 2023?
The stamp duty rates in Karnataka are determined by the property values. Stamp duty rates will be as follows in 2023: 3% for properties worth less than INR 45 lakh. 5% for properties worth more than INR 45 lakh. 05-Oct-2023
How to pay stamp duty and registration charges in tamilnadu?
In Tamil Nadu, you can pay the stamp duty by visiting the citys sub-registrar. The applicant must complete an application form, and then pay for the stamp duty certificate. Cash, demand drafts, debit cards, credit cards, NEFT or RTGS are all acceptable payment methods. 03-Nov-2023
This is my response to you:
1. Firstly the property is not ready-to-move then how can he ask for stamp duty;
2. He can only ask you for registration of agreement to sell, not sale deed;
3. All this will be paid in due course of time;
4. When it has to be paid, it will be at the same time;
5. Consult a local lawyer and take steps.
1. Firstly the property is not ready-to-move then how can he ask for stamp duty;
2. He can only ask you for registration of agreement to sell, not sale deed;
3. All this will be paid in due course of time;
4. When it has to be paid, it will be at the same time;
5. Consult a local lawyer and take steps.
Helpful?
23+
23+
Adv. Gowaal Padavi
Mumbai | 500+ Answers
CONTACT NOW
Check for the stamp duty on the construction agreements: This fee is separate and is payable at the time registration.
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Adv. Chikirsha Mohanty
Delhi | 200+ AnswersCONTACT NOW
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