I saw an prestige appratment with seller ready to sell at 2350 per sft and the govt guidance value for that flat is 2800/- which means a huge registration charges.
RE:Will the govt decrease its guidance value then?
by arun seshu on Dec 12, 2007 02:23 PM Permalink
Abe singh... Registration charges may be high.. But, it is under valued when you get the building registered for less value as compared to the Govt value.. This is considered to be illegal.. Dont go for these..
RE:Will the govt decrease its guidance value then?
by No Fear on Dec 12, 2007 02:54 PM Permalink
Undervaluing is not illegal as long as you pay the stamp duty as per the guidance value. You can buy a property for Re.1/- and there is no problem as long as you pay the required stamp duty.
