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Stamp Duty Articles

Written on 31 Jul, 2009 at 0:43 in Stamp Duty | viewed 235 times | 1 Comment

Adjudication of Proper Stamp Duty By M.K. Gokhale, Deputy Supt. Of Stamps (Retd.) Section 31 of the Bombay Stamp Act, 1958 provides about the adjudication of proper Stamp Duty. The applicant under this section has to submit an instrument executed or unexecuted... (Continue reading)

Stamp duty setback allowed

Written on 31 Jul, 2009 at 0:42 in Stamp Duty | viewed 43 times | 2 Comments

By Vimal Punmiya, Chartered Accountant Important amendment with regard to factual position under the Bombay Stamp Act, 1958 relating to the provisions of investment : - By virtue of ordinance no. Mah. Ord. II of 2005 dated 7th May 2005 wherein, a... (Continue reading)

Stamp duty not applicable to paying guest

Written on 31 Jul, 2009 at 0:41 in Stamp Duty | viewed 78 times | 2 Comments

By M K Gokhale Dy. Superintendent of Stamps (Retd) A Member of the Housing Society referred a question for answer whether the license agreement is mandatory for the paying guests and if so what is the value of the stamp duty ? Sub.... (Continue reading)

Registration made compulsory

Written on 31 Jul, 2009 at 0:39 in Stamp Duty | viewed 132 times | 0 Comments

By Staff Reporter Registration of immovable property is now compulsory. Union Cabinet decision on this is firm. This will ensure legal transfer or sale of immovable properties, also the area restriction is a compulsion. Earlier registration could be done at Mumbai,... (Continue reading)

How to Register your documents?

Written on 31 Jul, 2009 at 0:34 in Stamp Duty | viewed 165 times | 2 Comments

Vinod C. Sampat Advocate-High Court The process of registration mainly involves the following steps and submissions of required documents/papers to the registrar office :- The party has to first pay the proper stamp duty as per the stamp duty reckoner on blank agreement.... (Continue reading)

STAMP DUTY IN RESPECT OF VARIOUS DOCUMENTS RELATING TO PREMISES IN A CO-OPERATIVE SOCIETY

Written on 31 Jul, 2009 at 0:33 in Stamp Duty | viewed 155 times | 1 Comment

By Bankim P.Khona , Solicitor Note : All the answers are given on assumption that the properties are situated within Greater Mumbai, because the stamp duty payable on the instrumental for immovable properties situate at different places is different. Stamp duty on... (Continue reading)

BEWARE! BEFORE YOU PAY STAMP DUTY AS PER READY RECKONER

Written on 31 Jul, 2009 at 0:32 in Stamp Duty | viewed 201 times | 3 Comments

By Bankimchandra P. Khona, Solicitor   1) It is common knowledge that the market value mentioned in ready reckoner in most of the... (Continue reading)

BEWARE! BEFORE YOU PAY STAMP DUTY AS PER READY RECKONER IF IT IS MORE THAN THE ACTUAL CONSIDERATION SHOWN IN THE AGREEMENT OR CONVEYANCE

Written on 31 Jul, 2009 at 0:28 in Stamp Duty | viewed 292 times | 3 Comments

By Bankimchandra P. Khona It is common knowledge that the market value mentioned in ready reckoner in most of the cases is much more higher than the actual market value of the properties. As Registration Authorities refuse to accept the conveyance... (Continue reading)

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