resale agreement

1. Ssk0410@ January 3, 2019
RESALE AGREEMENT, STAMP DUTY AND RUMORS…
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Resale Agreement, Stamp Duty and Rumors…
Things we should know....
Recently Bombay high Court passed important
judgment is respect of Stamp Duty to be charged on
Old Agreements. Due to Social Media the news of the
above judgment went viral. But due to above viral news
rumors spread in Mumbai that now we don’t have to
pay stamp duty on old agreements. For removing such
rumors and doubts we need to understand the
abovesaid judgment passed by the Hon’ble High Court.
In one of the case on person purchased one property by paying only Rs. 10/- towards
stamp duty. The said property was purchased by another person in Auction and paid
required stamp duty on purchase agreement as per today’s stamp duty rates. But Sub
Registrar office refused to register the new sale agreement by alleging that Rs. 10/- only
paid on old sale agreement. Hence party connected approached Hon’ble High Court.
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2. Now for Example:
Mr. Ramesh sold one Flat to Mr. Suresh in year 1970.
And
Now in year 2019 Mr. Suresh sold the above flat to Mr. Jitesh.
In above case can Sub Registrar office could object
registration of the new agreement on issue of stamp
duty ???
If answer is yes then agreement executed in year 1970
becomes invalid.
Since State as well as Sub registrar office did not give sufficient answer to above , Court
passed the said judgment.
So now Citizens will not be in trouble while reselling their old property if no stamp duty is
paid on old agreements. But that does not mean that you don’t have to pay stamp duty
and registration fees on resale agreement. Stamp Duty is big source of revenue to the
Government.
Hence, as per above explanation citizens needs to understand that they have to always
pay stamp duty on resale agreement on any property and Sub Registrar office could not
refuse to register the resale agreement by objection that No stamp duty or less stamp
duty is paid on old sale agreement.
Most of the old agreements face issue at the time ofregistration of Deemed
Conveyance. Now the above judgement will help citizens.
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Mumbai, Maharashtra 400043
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VITAL CONDITIONS YOU MUST HAVE IN YOUR RENT AGREEMENT
A BIG RELIEF FOR FLAT OWNERS AND SOCIETIES APPLYING FOR DEEMED CONVEYANCE.
STATE GOVERNMENT ANNOUNCED AMNESTY SCHEME
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3. Recent News
A BIG RELIEF FOR FLAT OWNERS AND SOCIETIES APPLYING FOR DEEMED
CONVEYANCE. STATE GOVERNMENT ANNOUNCED AMNESTY SCHEME
RESALE AGREEMENT, STAMP DUTY AND RUMORS…
VITAL CONDITIONS YOU MUST HAVE IN YOUR RENT AGREEMENT
IMPORTANCE OF POLICE VERIFICATION – 4 charged for not furnishing rental details
of Nigerian tenants
AVOIDING TENANT VERIFICATION COULD BE BIG TROUBLE
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