Adjustment of stamp duty paid on irrevocable POA towards sale deed
I am looking to buy property in layout which is BMRDA approved, Builder has entered into following transactions: 1. Agreement for sale with seller where there is no transfer of possession of property to buyer/builder. 2. Irrevocable power of attorney has been entered on same day to execute all the necessary acts for forming layout giving all such required rights to builder/buyer by seller. And stamp duty of 5lakh(approx) has been paid for such POA. 3. Subsequently after 4 months, the builder who was POA holder executed sale deed in favor of himself as buyer also (acting in dual capacity as transferror and transferee) and adjusted the whole stamp duty of Rs. 5lakh paid on POA towards the stamp duty of sale deed.
Whether the above said transaction holds good? please advise
Property locates in Bangalore.
Asked 7 years ago in Property Law
Religion: Hindu