Stamp Duty to be applied on date of agreement and not registration : Union Budget 2016

apartment1By Accommodation Times Research Bureau

Many times it is the practice of Real Estate players and builders that they do not register documents for investors. Hence the valuation is done at the time of document produced for registration. The new definition and amendment ot Sec 50 C clearly mandates that Stamp Duty is applicable only on the date of Agreement and not Registration. The provision will start from 1/4/2017.

STAMP DUTY VALUATION – Section 50C

It is proposed to provide that where the date of agreement transferring a property and the date

of the Registration of the said agreement are not the same the Stamp Duty Value on the date

of agreement will be taken as the true value provided the consideration for the transfer is paid

by account payee cheque. [w.e.f. 01-04-2017]





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