Q:My mother bought a 1 BHK in bhayander East in 1995 sep 5th. She paid a stamp duty of 1% but did not register the document. she wants it to give it to my younger brother. Should she register and pay the stamp duty and then transfer it to my brother or what is the procedure for doing it now after apr 2015
Latest Answer: Hi Kumar,
Firstly, she has to register property in her name and will pay the stamp duty as per the new rule i.e.5% of the total property cost as per the the guidance value and market value whichever is higher if the property falls in Municipal Corporation and 4% if it falls under Municipal Council. Secondly they have to clear the all the dues taxes then only she can transfer the property to her younger son.
Q:I have purchased new flat in Oct 2012 in Panvel,Navi Mumbai.I have paid 20% (4Lakh)amount and made 80 (12 lakh) % loan.i confuse about who's will pay service tax and VAT and how much?
Latest Answer: Hi,
Sir, I need to know regarding Stamp Duty and other charges. like I buy already a Flat now a time to take position so before that i need to make registration so what type of taxes should be paid by me? example stamp duty and what? Appreciate your immediate response.
Q:Dear Sir,I have flat in mumbai and i m planning to sell it off.I would like to know what is procedure to sell property in mumbai. I mean , will there be any transfer charges to be paid to builder and also what would be registration and other charges.I would also like to know that in Mumbai selling price per sqft includes everything ( car parking. electrcitiy ,water, sweage and maintenance)Awaiting for your prompt response.RegardsRavi
Latest Answer: everything except what was asked has been answered. It would be really helpful if someone could list the steps involved. Start from when a buyer approaches and the seller agrees to sell. What are the nextp steps (assuming brokers and agents are not involved). Assume this house is in Panvel and the conveyance deed is not yet registered. Also assume home loan is involved.
Latest Answer: Hi,
I heard that stamp duty is given up for transferring property in Navi Mumbai to close relatives. Is this already effective or is it still 2%?