Why is it necessary to pay stamp duty according to True Market Value?

-

 

Payment of stamp duty according to True market value is necessary for the following reasons: 1. If payable stamp duty is not paid on the true market value of the property than the concerned document is considered as 'not duly stamped'. 2. A document which is not duly stamped is not accepted as a legal proof of the transaction evidencing it. 3. If stamp duty is not properly paid it invites penal action.

Comments

Post a Comment

Popular posts from this blog

e-Search

-
Q.1: How to take search using search by property details? Ans: Please follow the below steps: 1:Select District 2:Enter minimum three characters in English for your desired area 3:Click on submit button 4:Select the area from drop down list.5:Enter cts/survey/gat/plot/flat etc. number(only numeric numbers are allowed) 6:Click on search button.(Search result will take few minutes to show result) Q.2: Which documents are not available in search result? Ans: 1: Power of attorney 2:Will deed. Q.3: After showing search result search button is disabled? Ans: Click on cancel button to take another search. If button is still disabled please close the browser and browse the URL again (This happens due to large data browser is fetching from server) Q.4: How take search using search by document number? Ans: Please follow the below steps: 1:Select Registration Type 2:Select district 3:Select SRO 4:Select year 5: Enter document number 6:Click on search button. Q.5: How to view Index2 and give reque...
Read more