POSTED BY January 6, 2014 2:39 pm COMMENTS (3)
ONHello All,
I booked a Flat in Pune in one of the reputed Scheme. Due to some circumstances builder is going to change a plan for my building where I booked a Flat. He is saying I need to transfer my registration to new one and for that I have to cancel old registration. He said Stamp Duty which I paid for earlier flat will get refunded in a year or so from government. Just want to confirm this thing with you all.
Another Option builder has given to me is, I can choose a flat from another building which is under construction. What are the possible ways to move forward in this case?
Thanks in Advance for your valuable suggestions.
-Sunil
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Thanks All.
Dear Sunil, it’s more a legal issue so better to contact an advocate.
Thanks
Ashal
Hi Suunil,
I may not be correct here, but this is out of my personal experience in past. In case both parties have signed on the stamp paper (franked document) – which means the stamp paper has been executed then stamp duty can not be refunded. Moreover as per Stamp Act, stamp duty paid can be claimed within 6 months of its payment.
I had booked a flat long back and due to certain missing documents at sellers end, I could not get loan and decided to call off the purchase. In the meantime, I had paid the stamp duty and registration amount but the sales deed was not executed in front of the registrar (none of buyer / seller had signed on the agreement). I claimed the refund from the registrar office and got the refund after deduction of nominal administrative charges.
Ashish Garg