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Stamp Duty charges clarification
15-May-2025 (In Property Law)
I along with my mother purchased a residential plot in 1992 from a builder but did not get it registered. If I register the residential plot now, will I pay stamp duty on the original price of land or current price of land as per circle rate. Pl. advice.
Stamp duty is payable on the current market value or the prevailing circle rate of the property at the time of registration, not on the historical purchase price. Since the property was not registered in 1992, the transaction has no legal validity under the Registration Act. You must now execute a sale deed and register it by paying stamp duty as per present rates. You may also have to show the original agreement and explain the delay before the registering authority.
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Adv. Adarsh Kumar
Delhi | 400+ Answers
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Stamp duty obligations for a sale deed are determined by either the transaction value stated in the deed or the prevailing circle rate at the time of execution, whichever is higher. Upon presenting the sale deed for registration with the Sub-Registrar, any delay in registration will incur a penalty calculated based on the duration of the deferment.
For further clarification or support with this process, please do not hesitate to contact us.
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The stamp duty is always calculated and paid in accordance to the current circle rate of the property. You first have to get the sale deed prepared for the same and then the further process will take place accordingly.
For any further legal assistance please feel free to contact.
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Adv. Jia Kapur
Delhi | 200+ Answers
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How did u purchase this land from builder in 1992 ?
We need details on it ! If there Is. GPA bundle then we need to follow the other way. U need to hire an expert advocate for the same !
Kindly be in touch
Thanks
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Adv. D. Khan
Delhi | 1000+ Answers
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