Stamp duty and registration fees in West Bengal. Can I find out how much stamp duty of construction on land 618.43 m2 in survey No. 102, village of vasna chacharwadi, Ta: Sanand, Distr: Ahmedabad must be paid. It`s a still property. The buyer is a man. The Court`s decision is a positive development, as it has provided urgent clarification on the payment of stamp duty on security documents in Gujarat, particularly in trade union lending operations. However, it would be worth waiting to see whether the case will be appealed or whether the State Government would insert legislative amendments dealing directly with that decision. Stamp duty is calculated on the market value of a property, while registration fees go on the cost of documenting your property and are generally lower than stamp duty. Patel and Parikh both pay 4.25,075 Rs as stamp duty. At the registration stage, however, Patel will have to pay 1%, or 86,750 aff. Stamp duty is the amount of tax that a person pays to the government (central government and/or state of Gujarat) for the execution of different types of documents or documents related to some form of exchange, transaction or financial obligation.
Stamp duty is also levied when registering the sale, purchase or transfer of real estate. Stamp duty is paid when a document or document is registered, for example.B. for the registration of the partnership act or the LLP agreement in the event of LLP registration, stamp duty is levied. In addition, Article 5 of the Act does not authorize the State to collect revenue from the entire transaction, as provided for outside the scope of the act concerned. Like all tax statues, stamp duty laws must be interpreted strictly according to a clear interpretation of the legislation and not on the basis of the state`s understanding of the legislature`s intent. The Gujarat Supreme Court held that when a mortgage is placed in favour of a trustee (the guarantee of several lenders), a mortgage should be treated as a single transaction (and not as an individual transaction, as limited by the state), regardless of whether such a trustee holds such a mortgage for the benefit of several lenders.