Legal Question in Banking Law in India
What if existing mortgage is extended. how much stamp duty will it attaract. i am confused. is it .5% or max. 10000/- every time the mortgage is extended, or max. 10000/- total?
Asked on 10/01/13, 10:44 am
2 Answers from Attorneys
Aniruddha Pawse
Aniruddha.P.Pawse Advocates
consult local lawyer / stamp duty registration agent.
Answered on 10/01/13, 11:25 pm
Fca Prashant Chavan
Expert Edge LLP
02.10.2013
Dear Sir / Madam,
Although I think it is 0.5% of the extended value of the mortgage, it is advisable to check and amount the rate and amount with the Sub Registrar's Office in your city.
Regards,
Answered on 10/02/13, 10:14 am
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