Can I purchase a property in Bengaluru below the guidance value and pay the tax part as per guidance value? Are there any legal implications?
Yes, One can buy a property below the guidance value and pay tax as per the guidance value. If consideration value is less the guidance value. Stamp duty & registration cost should be paid as per the guidance value If consideration value is more than guidance value, Stamp duty & registration cost should be as per the consideration value. It means, whichever is higher that is consideration or guidance value, that is considered for stamp duty & registration payment The idea of guidance value is to avoid the underpayment of stamp duty & registration charges to the government. For more assistance on stamp duty and registration cost, please WhatsApp to 9 7 4 2 4 7 9 0 2 0. Thank you for reading…