Stamp duty and Registration of property - Basunivesh

Q & A Forum › Category: General › Stamp duty and Registration of property

Sachin asked 2 years ago

Have purchased a flat. Possession is after 2 years.
Is it good to wait for doing Stamp duty and registration now and do it towards as it nears the possession or after 1 year.
Kindly advise based on your knowledge

Question Tags: Stamp duty and Registration of property

3 Answers

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basunivesh Staff answered 2 years ago

You have to register the property when it is ready for fully possession.

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Sachin answered 2 years ago

Is it a legal requirement to do registeration and stamp duty after 20 % is paid ???

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basunivesh Staff answered 2 years ago

Registration will create a validity over the transactions. Hence, it is always best to go for registration. However, I don’t think it is necessary to register after the downpayment.