1) Stamp duty will be calculated on actual 4 lakhs rupees per acre price.

stamp duty would be calculated on sale consideration mentioned in sale deed ie Rs 4 lakhs

Dear Client,

Stamp duty payable on sale consideration or circle rate whichever is higher. And in your case on 4 lacs.

Hi,

Generally stamp duty is paid as per sale price. circle rate is minimum rate.

circle rate or agreement rate whichever is higher will be considered for stamp duty

so if you pay higher than circle rate then you will have to pay stamp duty on agreement value

though at present there will be more outgo towards higher stamp duty

but in future there is an advantage for you

if you sell this land, then the sale proceeds you receive will be reduced by the amount of money you paid for its purchase and on balance you will have to pay capital gains tax

so that translates to a lesser tax outgo

Dear,

Stamp duty is calculated as per actual sales consideration 4 lakh.

Stamp duty has to be paid on the higher of the two, i.e., circle rate or the actual purchase value.

Stamp duty and registration fee is required to be paid on the higher of the circle rate or transaction value, by the buyer.

- Circle Rate is minimum value at which the property can be sold or purchased.

- Market value is the rate at which actual transaction takes place. It is also known as Consideration Value.

- Stamp duty has to be paid on the higher of the two, i.e., circle rate or the actual purchase value.

since the circle price is one lakh and you are paying 4 lakhs and further you want to mention the higher paid one , then the stamp duty will be calculated for the paid amount of 4 lakh.

Good luck and dont forget to positive rating.

Circle rate is for the purposes of purchasing the property for not less than the same but it may be more than the circle rate on which stamp duty need to be paid. So the amount of sale consideration even higher than the circle rate has to be mentioned in the transfer document and on that amount stamp duty is required to be paid.

As per the price paid.

Stamp duty is payable on the market price of circle rate which ishigher in case you are paying more than the Circle rate than you have to pay stamp duty on the basis of the market value as per the applicable rate

1. If you mention Rs.4 l;akhs as the consideration paid by you then the stamp duty shall be levied on Rs.4 lakhs.

2. You can show payment of Rs. 1 ;lakh as consideration the sale deed for paying lesser amount of stamp duty and pay the balance Rs.3 lakhs as gift to the seller.

3. However, it is strange that the actual price paid by you is 4 times more than the circle price.

The stamp duty will be paid on the price of sale considerations and not on the circle rate of the property.

Regards

Dear Sir,

The circle rate is for the purposes of purchasing the property. The circle rate is not less than the same but it may be more than the circle rate on which stamp duty need to be paid. So the amount of sale consideration even higher than the circle rate has to be mentioned in the transfer document and on that amount stamp duty is required to be paid.

If the sale consideration is above the circle rate you may have to pay the stamp duty as applicable to the sale consideration amount only, since you have availed bank loan.

1. Stamp duty is payable on Circle Rates .OR. on the Sale Deed amount, WHICHEVER IS HIGHER.

2. IF stamp duty is paid on circle rates and sale deed amount is higher, THEN it will be a prosecutable offence, leading to impounding of the document.

Keep Smiling .... Hemant Agarwal