India  |  Real Estate Law

Legal Question

Asked on: 10/14/08, 2:58 pm

StampDuty Amnesty Scheme

Hi,

I purchased flat in bombay in 2005 in a building constructed in 1982, i am the 4th buyer of this flat.

I purchased the flat in 2005 for 10 lac and paid stamp duty of 33750 and registration of 10000.

the 3 rd buyer purchased flat in 2000 for 6.5 lacs and paid stamp duty of 18830 for his part at the time of buying the flat.

the 2nd buyer purchased flat in 1990 for 2.5 lacs and paid stamp duty of 10740 in 1995 under amnesty scheme of government.

1st buyer purchased flat in 1982 from builder for 48k and that agreement has two Rs.5 stamp on the same.

can you suggest, do i need to pay stamp duty on the same under amnesty scheme and if yes how much it will be?

Is there any chance that the scheme would be extended for few more months?

I have submitted all the original documents to bank as i have taken bank loan to purchase this flat.

Please advice at the earliest.

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