Stamp duty
abhay nahar
sub registrar of one state send memorandum with deed of mortgage u/s 64 to 67 to the sub registrar of other state where some property are situate.whether stamp duty of other state is payble by the parties to the mortgage deed. If not then pl. inform case law.regardsabhay
Is Stamp Duty Needed When Mortgage Deed Sent Across State Lines? Depends on Property Location Laws. A query was raised regarding the applicability of stamp duty when a sub-registrar from one state sends a memorandum with a mortgage deed to a sub-registrar in another state where the property is located. The question was whether the stamp duty of the other state is payable by the parties involved in the mortgage deed. The response indicated that the requirement to pay stamp duty depends on the laws of the state where the property is situated, as typically, the stamp duty is determined by that state's regulations. (AI Summary)
TaxTMI
TaxTMI