15 Abr What Is Agreement Value Of Flat
If the value of the contract is less than the market value, you must pay stamp duty according to billing rates if you say that 42 lakh is a circular rate/stamp duty, then you must indicate the difference as your income u/s 56, otherwise you will face an examination in the future. If you want to know the true market value of your property, you must follow the procedure and provide accurate information about the property in which the property is located or located, for example. B; 1. District 2. Taluka 3. Division or village 4. Type of property such as (country, housing, office, store and industrial unit) 5.C. (Cadastral Survey Number) in Mumbai Division C.T.S. (Chain and Triangulation Survey Number in Mumbai Suburban Village F. P. P.
(Final Plot Numbers) S. N. (Survey Number) GAT Number (Area Number) property etc. (Gat Book plans relevant numbers survey / Hissa Numbers / Gat Numbers / Khasra Numbers) With the help of «RECKONER», you must be the department/village with area/area sub and C.S.C.C.T.S. property to find from the table you can property rates like land, housing, business, prices are per square meter (Built-up-Area) or at Hectare. With the help of «GUIDE LINE» for (Mumbai and Mumbai Suburban District and rest of Maharashtra), you need to increase or reduce the rate according to different valuation factors and you will get a real market value of the property. In calculating market value, there are different differences that occur as follows; 1. Bungalow / Apartment under Group Housing Project / Terraced House etc.
2. Elevatorless building / multifunctional building with elevator (on the floor) 3. Closed age of the 4th Parking Building (Parking open / Parking closed) 5. Terrace, Open Land with ground floor, etc. Example: Is given for municipal property in the corporate area (contract for sale) (under Ale 25 (d) planning – I – By Mahartraash Stamp.Act) Note: Stamp duty differs depending on the location of the property. Area: BORIVALI Village: KANDIVALI Zone: 79 Sub Zone: 354 C.T.S. No: 1 Property: Residential Building Age: 1 year Building: No elevator Proerty is located on: ground floorA apartment area: 500 m 2 Carpet Note: calculation must be carried out on the built-up area in square meters. Rate: 88200 Surface: 500 sq foot carpet (you must convert square meter into bed) 500 x 1.2 – 600 square meters (you must convert into square meter) 600 / 10.76 – 55,762 (square meter) Rate ) 882 00 x (surface) 55,762 – market value (4918208.40) Rounded to 4918200 Depending on the actual value of the market, you can calculate the stamp duty of the property according to the article under Schedule – I of Maharashtra Stamp Act. Market value of real estate: 4918200 /- (M.V) Contract value of property: 5500000/- (A.V.) Stamp duty applies to contractual value (A.V.) 5500000 x (stamp duty) 5% – 275000/- (S.D.) Note: Stamp duty is levied on all 500/or parts of it.