vishal, Pune
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Is LBT applicable on sale deed executed after 1st april 2013 for resale flats
Q: I am in process of buying a resale 2 bhk flat in PMC area, can anyone please tell me if LBT is applicable on sale deed executed after 1st april 2013 for resale flats. If yes what is the percentage of the same

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Yes. You will have to pay one percent extra stamp duty. I confirmed it with registrar's office today. Before 1st april, it was 5% on the agreement value now it is 6% (including 1% lbt). Yes. You will have to pay one percent extra stamp duty. I confirmed it with registrar's office today. Before 1st april, it was 5% on the agreement value now it is 6% (including 1% lbt).
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