Q:Hi. I am buying a Villa in Goa in a gated community hence please advice the below:1) Whether the sale deed should mention the Built up or the Super Built up area. And should the monetary value mentioned on deed thereof be super built up or built up.2) Also pls advice if Stamp Duty and Registration is payable on Built up or Super Built up area.Thanks
Latest Answer: It is mandatory to pay stamp duty as per the stamp duty valuation fixed by the Registrar of your area under the stamp duty act of your state. Currently, stamp duty is 7% and registration Charges are over & above Stamp Duty and is levied @ 1% of Total Property Value as per sale deed.