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Stamp Duty On Cancellation Deed of Agreement To Sale


09-Jun-2023 (In Property Law)
Hi I am from Pune, Maharashtra. I had executed an agreement to sale but now both parties want to cancel this mutually. What is the stamp duty applicable to cancellation deed of agreement to sale. Is it the same 6%?
Answers (1)

Answer #1
897 votes
In my knowledge, there’s no stamp duty on cancellation. In fact you’ll be entitled to refund of stamp duty paid on the registered agreement for sale.

In my knowledge, there’s no stamp duty on cancellation. In fact you’ll be entitled to refund of stamp duty paid on the registered agreement for sale.
People also ask

How is money refunded when a property deal is Cancelled?

For the refund to be approved, the cancellation must be recorded according to the law. As a stamp duty refund, the buyer is entitled to up to 98 percent. The original registered agreement as well as the cancellation deed must be attached to the refund request.

Can I get refund for unused stamp paper?

Refunds may be subjected to a deadline, which is usually six months after the purchase date. In India, for example, you can request a refund online of judicial stamp papers that are unused through the eGRAS portal. 17-Sept-2023

Can stamp duty be refunded?

In India, stamp duty can be reimbursed if a document is not executed or canceled within six months after the date of execution. Yes. You can get a refund on the stamp duty you paid in India.

  

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