Q:Dear friends. I am new to the real estate sector, and I am learning the trade. How to ensure that the stamp duty paper I will use has no fake stamps?
Latest Answer: Simple man. Always ask for the license details of the vendor. Nowadays you can even avoid stamps and get a dd/challan or pay order to pay the duty. The authorities have been regularly inspecting the vendor licenses too. but from your end always do a thorough check to avoid getting scammed
Q:i have an apartment in bangalore which i have purchased in 1978. since the payment of stamp duty as per the market price was introduced in 1980, so the agreement was only executed on on Rs. 5 stamp paper.the property is also not registered as at that time the registration was not compulsory. do i need to pay the extra stamp duty now?
Latest Answer: The documents required for registration include chain of original conveyance or sale deeds or agreement from the seller, share certificate issued by the society in favor of the seller indicating his membership of the society, no-objection certificate from the co-operative group housing society certifying that the society has no objection to the transfer of share in favor of the purchaser, identity proof and address proof.
Q:Sir. I want to make a power of attorney on my wife name so that in absence of me she can sell the house . How much value of stamp paper should I buy and which one is better GPA or Sale Cum GPA.
Latest Answer: Yes it is necessary. It is mandatory to get endorsed any document from their respective Indian Embassy. If you send the POA,kindly note that it requires to be registered at Registration Office in India of your father's residence with a fee of Rs 200/ or so and he can use it as and when required and please do not go for General Power Of Attorney but the specific one for the specific transaction.