Ajit Kolhatkar, 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

My comments to replies
Yes u will have to pay 1 perc LBT even if ur buying a resale flat. Till 31 March u were required to pay 5 perc stamp duty on the market value of the property.. but i guess from 1st April now 6 % stamp duty is required to be paid on the market value.
hi, what about if we are executing deemed conveyance deed ?
6th October 2013

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