Abhay Shah, 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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is there also lbt on deed of apartment ? i done all the formalities only deed of apartment remains. i m going to do it in next month. plz.
I bought a 1BHK flat at Akurdi in Jan 2010 and paid all required stamp duty while registering " Agreement for Sale", than also registered "Assignment Deed" in April 2010, now by builder wants me to register for "Apartment Deed" as I am applying for home loan extension, now in Jan 2014 do I need to pay 1% LBT ? if Yes, than on which amount? First Sale amount by builder to first buyer in 1999 or on resale value at which I purchased in 2010? One advocate says there was a circular on this -No LBT on old agreements and builder says that circular was also revoked!!! No clarity till date . can any one guide me on this, please.. Abhay Shah
20th January 2014

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