Madam, can you share any GR or circular regarding paying the penalty to SRA ?Plz guide
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If you sell an SRA property before the 10-year lock-in period, you will be liable to pay a penalty. The penalty amount is equivalent to the stamp duty or Rs 1 lakh, whichever is higher. According to the housing department records, 13,000 SRA flat owners in Mumbai flouted the lock-in period and resold their property between 2011 and 2017. Irrespective of the new decision to halve the lock-in period, these owners will have to pay the state government 10 percent of the current ready reckoner rate as penalty.
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Authors Of The Question
What will happen if we sell SRA property before 10 years lock-in period?
saiyam_1766
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2 Answers
1 Year
2023-12-06T11:09:08+00:00 2023-12-06T12:42:02+00:00Comment
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