Buying plot at rate less than circle rate

Q: Hi,
I have purchased a plot of 237 sqyd in Haryana at rate of Rs. 6000/sqyd (Total 1422000). While the circle rate is Rs. 12000/sqyd.
Seller wants to register the sales deed with value of 1422000 and stamp duty of Rs. 171000 (6% on circle rate for husband and wife jointly).
Will there be any problem to me as buyer, if sales deed is registered as per these values.

Surinder Singh,

14th October 2015

Legal in Gurgaon

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Replies (1)

Hi Surinder,
As per my knowledge, as you bought the land below circle rate( Rs. 12000/sq-yd ) so while registration you have to pay as per the circle rate. Fees will be calculated according to the area circle rate in your case.