Which officer can take action if the stamp duty is not properly paid on the true market value ? What is the nature of such action?

 

If the stamp duty is not properly paid on the true market value of the property, the registration of the concerned document will not be completed. 1.The Registering Officer While registering the document under the Registration Act, 1908, if doubts that the stamp duty is not paid according to the true market value of property, shall stop the registration process; and Shall refer the document to the concerned Collector of Stamps for the assessment of stamp duty and the true market value of the property. 2.The Collector of Stamps Gives an opportunity to the person responsible for payment of stamp duty to present his side. Makes an inspection of property if required. Takes decision on market value considering circumstantial evidence. Recovers the less paid stamp duty, penalty and registration fee; and Can proceed with confiscation of property, if required stamp duty or penalty or registration fee is not paid.