Registration: Latest stamp duty rate on flat's registration ?

[Vineet Kumar]

Hi
I am from D block.
According to latest mail reply from manjeera  CRM stamp duty rates is 6%.
According to below link stamp duty rates were reduced last year end(GOM 581)
CRM has replied that they have applied rates as per new GO's.
http://www.tgnns.com/andhra-pradesh-2/reduction-of-stamp-duty-in-andhra-pradesh-from-2-december-2013/2013/11/30/

Below were new rates last year end. Views for Flat owners are invited, how much stamp duty we need to pay for flat registration?
I have taken sale agreement before the construction had begun. Am I eligible for Sale Agreement without  possession.

Article of Schedule 1-A	Nature of Document	Existing Stamp Duty	Rate of Stamp duty now fixed
Article 6 (B)	Sale Agreement with possession	5%    (adjustable)	4% (adjustable)
	Sale Agreement without  possession	5% (adjustable)	0.5% (Not adjustable)
	Sale Agreement cum GPA	6% (5% adjustable & 1% not adjustable	5% (4% adjustable and 1% Not adjustable)
	Development / construction Agreement	5% (adjustable)	0.5% (Not adjustable)

Reagrds and take care..
Vineet

[best0...@gmail.com]

Hi Vineet,

So finally , what the correct price you came to know? Today I have spoken with them and they are saying it is 7.5%, I don't know, how legitimate it is?

[Ravi Sripada]

As per mail CRM, the stamp duty is 6% and DD is to be taken in the name of SRO Serilingampally. Not sure why Manjeera would quote more than prescribed since the amount does not go to them.

They have also quoted 1.25% as VAT and 3.09% as Service Tax. VAT they have asked for cash and ST is payable to Manjeera. Do you think these amounts are correct?

[Subodh Joshi]

If you are doing registration after flat is complete ( i.e. at the time of possession) then you don't need to pay Service Tax.

On 20 March 2014 15:15, Ravi Sripada <ravishank...@gmail.com> wrote:

As per mail CRM, the stamp duty is 6% and DD is to be taken in the name of SRO Serilingampally. Not sure why Manjeera would quote more than prescribed since the amount does not go to them.

They have also quoted 1.25% as VAT and 3.09% as Service Tax. VAT they have asked for cash and ST is payable to Manjeera. Do you think these amounts are correct?

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[sumir bharati]

Subodh,

As we bought the flat in construction phase, are we also eligible for this?

[sumir bharati]

PFB more info on Service Tax -

The date on which payment is made is important. In case of payments made on or before 31-3-2012, the rate of service tax shall be 2.575%, and for payments made after 31-3-2012, the rate shall be 3.09%. The occupation certificate will be applicable only if the flat agreement is after the occupation certificate is obtained. If on the date of agreement, there was no occupation certificate, it means the flat is purchased which is under construction

Thx

Sumir

[Ravi Sripada]

That's bad...for a moment I thought I don't have to pay for the service tax:)

Regarding VAT, any idea why they are asking cash for this?

On Friday, March 21, 2014 11:31:22 AM UTC+5:30, sumir wrote:

PFB more info on Service Tax -

The date on which payment is made is important. In case of payments made on or before 31-3-2012, the rate of service tax shall be 2.575%, and for payments made after 31-3-2012, the rate shall be 3.09%. The occupation certificate will be applicable only if the flat agreement is after the occupation certificate is obtained. If on the date of agreement, there was no occupation certificate, it means the flat is purchased which is under construction

Thx

Sumir

On Fri, Mar 21, 2014 at 11:21 AM, sumir bharati <sumirb...@gmail.com> wrote:

Subodh,

As we bought the flat in construction phase, are we also eligible for this?

On Fri, Mar 21, 2014 at 10:53 AM, Subodh Joshi <subodh...@gmail.com> wrote:

If you are doing registration after flat is complete ( i.e. at the time of possession) then you don't need to pay Service Tax.

On 20 March 2014 15:15, Ravi Sripada <ravishank...@gmail.com> wrote:

As per mail CRM, the stamp duty is 6% and DD is to be taken in the name of SRO Serilingampally. Not sure why Manjeera would quote more than prescribed since the amount does not go to them.

They have also quoted 1.25% as VAT and 3.09% as Service Tax. VAT they have asked for cash and ST is payable to Manjeera. Do you think these amounts are correct?

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