The Indian Stamp Act, 1899, specifies that all partners engaged in the transaction must pay stamp duty on sale deeds. So as per my calculation, the stamp duty on the resale of your old flat valued at Rs.60 Lakh will be as follows.
Stamp duty of 5% = Rs.3 lakh
LBT of 1% is Rs.60,000
registration fees are Rs 30,000
The entire sum to be paid is Rs.3.9 lakhs.
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What is the stamp duty on resale of my old flat valued rs 60lakhs
Prakash Kulkarni
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1 Answers
2 Year
2022-02-21T11:55:09+00:00 2022-02-24T23:45:17+00:00Comment
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