Refund of Excess Stamp Duty Paid for the Home Registration in Bangalore
5 months ago
I have paid stamp duty of 0.1 percent of sale amount for sale agreement. Lawyer was supposed to get that adjusted while sale deed registration but He forgot and It slipped my mind as well. Now when I am asking the lawyer to get the refund. He is saying sub-registrar says it's not possible. Please help me with the refund initiation process. Can sub-registrar deny it ?
A.Dear Client,
You will have to pay Stamp duty while registering a property as it is mandatory under Section 3 of the Indian Stamp Act, 1899. 5% to 7% of the total market value of the property is charged as stamp duty while 1% is charged as registration fee. The stamp duty and registration fees are not refunded once paid for the registration of the agreement/deeds. In the case of Karnataka, if a sales deed is cancelled, property buyers can seek a refund of 98% of the paid stamp duty by submitting a refund application along with the original agreement and the original cancellation deed within six months from the date of execution of the documents.
You will have to pay Stamp duty while registering a property as it is mandatory under Section 3 of the Indian Stamp Act, 1899. 5% to 7% of the total market value of the property is charged as stamp duty while 1% is charged as registration fee. The stamp duty and registration fees are not refunded once paid for the registration of the agreement/deeds. In the case of Karnataka, if a sales deed is cancelled, property buyers can seek a refund of 98% of the paid stamp duty by submitting a refund application along with the original agreement and the original cancellation deed within six months from the date of execution of the documents.
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A.Dear Client,
Firstly, visit the Sub-Registrar Office in person or contact them through official channels. Explain your situation and inquire about the possibility of a refund or adjustment. Prepare a written application explaining the circumstances and requesting a refund or adjustment of the excess stamp duty paid. Make sure to include all relevant details, such as the property details, sale agreement information, and the amount paid. Attach copies of the sale agreement, receipt of the stamp duty payment, and any other relevant documents that support your claim.
Firstly, visit the Sub-Registrar Office in person or contact them through official channels. Explain your situation and inquire about the possibility of a refund or adjustment. Prepare a written application explaining the circumstances and requesting a refund or adjustment of the excess stamp duty paid. Make sure to include all relevant details, such as the property details, sale agreement information, and the amount paid. Attach copies of the sale agreement, receipt of the stamp duty payment, and any other relevant documents that support your claim.
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