submission of stamp duty under Imnesty scheme 2019

609 votes

My Response to your query: You can approach local lawyer from your city. fee of lawyer with respect of competition of procedures it's deposit upon lawyer to lawyer.. You can approach to lawyer first.. delay for this registration will impose fine upon you..

LawRato LawRato

836 votes

Maharashtra Government on Wednesday, 6th Feb 2019 announced the stamp duty amnesty scheme whereby property purchasers who did not pay stamp duty on purchase agreements can regularise the sale by paying duty with a nominal penalty. Under the scheme, flat-owners who did not pay stamp duty on their home-purchase agreements will get a chance to regularise their purchase by paying up the stamp duty within a specific time-frame, anyone who has evaded paying duty can pay up the amount along with a nominal penalty. Property conveyance cannot be executed unless stamp duty is paid on flat-purchase agreements, which leads to problems later, specially when owners wish to redevelop their buildings. Those willing to benefit from amnesty scheme, will not have to pay the penalty which starts from two per cent per month. Instead, a penalty of Rs 500 would be levied if the stamp duty paid is below Rs 25,000 and Rs 1000 if the stamp duty paid is above Rs 25,000. The amnesty scheme would be applicable only for residential properties.

Advocate Chinnmay S. Shah LawRato