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Stamp Duty is
a payment to the government for the transaction
related to property which is taking place.
transaction here generally refers to transfer from
the owner of the property to the intended buyer.
Usually, this process is adopted in cases where the
transaction is of larger amounts and to escape bulk
of paper work. Stamp duty is paid to the collector
of stamps.
PROCEDURE
Submit the file in
Collector of Stamps Office and receive the Challan
titled tr 6. Deposit Payment as mentioned in tr 6
either by Cash or by Cheque/ Pay Order/ Demand
Draft. If the amount is more than Rs. 50,000/-, it
is necessary to enclose copy of PAN card or Form 60
together with any other identity card such as Voter
I D, Passport etc.
After depositing
payment, get the date of receiving file from
Collector. On the due date, collect the file from
the collector of stamps and check whether it has
been properly stamped on every page of the document.
Once your documents are stamped, it has to be
registered in the office of the Sub-Registrar |
