#best services of power of attorney in navi mumbai

[skglobal]

What is Apostille attestation? Significance of Apostille Attestation for Oman?

What is the meaning of Apostille attestation? Apostille: It is a type of attestation where documents are legally recognized in a meticulous arrangement that is acceptable in all nations that belong to the Hague Convention. Why Apostille? Apostille document is considered as a valid and acceptable type attestation in all the countries which are members of the Hague Convention. Documents issued in one country which need to be used in another country must be authenticated, legalized or Apostille before they can be recognized as valid in foreign countries. Apostille is a certificate which verifies and confirms the seal and signature of person who authenticated the specific document. Which Countries are members of the Hague Convention currently? Source:Wikipedia •Albania,Andorra,Antigua,and,Barbuda,Argentina,Armenia,Australia,Austria,Azerbaijan •Bahamas, Bahrain, Barbados, Belarus, Belgium, Belize, Bolivia, Bosnia and Herzegovina •Botswana, Brazil, Brunei, Bulgaria, Burundi •Cape,Verde,Chile,Colombia,Cook,Islands,Costa,Rica,Croatia,Cyprus,Czech •Republic, Kingdom of Denmark, Dominica, Dominican Republic •Ecuador, El Salvador, Estonia •Fiji, Finland, France •Georgia, Germany, Greece, Grenada, Guatemala •Honduras, Hong Kong, Hungary •Iceland, India, Ireland, Israel, Italy •Japan •Kazakhstan, Kosovo, Kyrgyzstan •Latvia,Lesotho,Liberia,Liechtenstein,Lithuania,Luxembourg,Macau,Macedonia,Malawi,Malta,Marshall Islands,Mauritius,Mexico,Moldova,Monaco,Mongolia,Montenegro,Morocco •Namibia, Kingdom of the Netherlands, New Zealand, Nicaragua, Niue, Norway •Oman •Panama, Paraguay, Peru, Poland, Portugal •Romania, Russia •Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Samoa, San Marino, São Tomé and Príncipe, Serbia, Seychelles, Slovakia, Slovenia, South Africa, South Korea, Spain, Suriname, Swaziland, Sweden, Switzerland •Tajikistan, Tonga, Trinidad and Tobago, Tunisia, Turkey •Ukraine, United Kingdom, United States, Uruguay, Uzbekistan •Vanuatu, Venezuela What is the significance of Oman and Apostille? Source:www.muscatdaily.com Oman became a signatory to the Apostille Treaty on 30th Jan 2012. It is very significant as Oman is the only country to accept the Apostille treaty in the GCC (Gulf Cooperation Council).Because of this, candidates from India who wishes to work in Oman can get their important legal documents Apostille through Manav Attestation Services. The sultanate of Oman became a signatory to the Hague Convention on abolishing the requirement for legalization for foreign public documents, (Apostille Convention) or the Apostille Treaty. Under the convention, the government of a receiving country is legally bound to accept documents issued by the sending country’s Apostille office, usually the Ministry of Foreign Affairs. Thus, the receiving country will accept the documents even if they are not attested by its embassy in the sending country. Why Manav attestation Services? Manav Attestation is a Licensed Agency accredited by the Ministry of External Affairs Government of India. With an unparallel experience of more than 15 year in the field of Apostille Attestation and presence all over India with own offices in Delhi, Mumbai, Pune, Chennai. A team of dedicated and experienced professionals who have extensive knowledge in handling diverse types of documents for various foreign countries make Manav attestation the best Apostille attestation service provider in India. Which types of documents can be Apostille attested? Apostille Attestation of all types of official, non official, educational, non educational, legal, medical, commercial documents, educational degrees, personal certificate, transcripts, and powers of attorney, required for submission to any foreign country is done by Manav Attestation Services. To know more contact Manav Attestation Services as below: Apostille attestation in Pune address: 2, Sita Park, First Floor, Opposite Shivajinagar ST Stand, Pune – 411005.Contact: 020-25512151 / 9970466594 Apostille attestation in Navi Mumbai address: G 98, Fantasia Business Park, Next to Inorbit Mall Opposite Vashi Railway Station, Navi Mumbai 400703.Contact: 022-65012151 / 7738980318 Apostille attestation in Chennai address: Asirvatham Business Centre, 345 Pantheon Rd, 9th floor West, Fountain Plaza, Egmore, Chennai, Tamil Nadu 600008.Contact: 004-65650513 / 7358411696 Apostille attestation in Thane (Mumbai)Address: 109, First Floor, Bal Ganesh Tower, Behind Ganesh Tower,Opp Thane Rly Platform No 1, Dada Patil Marg, Thane – West, Mumbai 400601.Contact: 022-65012150 Apostille attestation in Dadar (Mumbai) address: 102, First Floor Civic Centre, Naigaon Cross Road,Dadar East, Opp Sunshine Plaza, Mumbai 14.Contact: 022-65012151 / 7738980318 Read more : http://www.attestindia.com/blog/what-is-apostille-attestation-significance-of-apostille-attestation-for-oman/ Visit us at https://www.facebook.com/ManavAttestationService/

[ourbalajisymphony-blog]

Key Legal Checklist For Buying a Property

In India, considerable significance is attached to the ownership of property. While for the rich, it connotes a sense of power and prestige, for the vast majority of the middle-class population, it is a cherished dream and unfortunately, for the less privileged, it is a luxury beyond reach. While some countries have simplified the process of buying property, including the authentication of ownership documents by the government, in the Indian context, the process of identifying the right property is fraught with several risks, legal and regulatory hurdles. Buyers are often at the mercy of brokers or builders and motivated to make decisions, by the promise of exponential returns or irresistible offers. However tempting and lucrative the prospect may appear, it is imperative for the buyer to exercise due caution and obtain appropriate legal advice, to safeguard his interest before buying a property.

1. Verification of title and ownership of the seller

It is a settled legal principle that a person cannot convey a better title, than what he himself has. As a first step, the buyer should undertake due diligence, to ascertain the existence of the title with the seller, the nature of the title and its marketability and the ability of the seller to convey clear and marketable title, free from encumbrance. Documents, for a period of 30 years, if not more (and where documents are not available, for minimum period of 12 years) must be examined and the seller may be called upon to provide the following documents / information:

Title documents of the property – government order for grant, succession certificate, sale deed, gift deed, will, partition deed, etc., evidencing the transfer of title over the years, culminating in the vesting of property with the seller.

Nature of title – leasehold, freehold, or development right.

In case of the seller claiming development rights to the property, the development agreement and power of attorney, executed by the owners in favour of the seller.

All title documents being duly stamped and registered at the office of the jurisdictional sub-registrar of assurances.

Khata registered in the name of the seller.

Information on pending or past litigation.

Availability of original title documents with the seller.

2. Verify identity of the seller

Similar to verifying the title to the property, the buyer should also ascertain the identity of the seller and any specific conditions, governing the ability of the seller to convey the property. The following instances may be noted for illustration:

Residence status and nationality of the seller, in case of an individual and whether consents from government authorities are required for the sale.

Identification of all owners, in case of properties held jointly.

Where the seller is a company, trust, partnership firm, society, etc., the constitution documents of the entity are necessary, to confirm its ability to own and transfer the property, besides ascertaining that the person executing and registering the sale deed is duly authorised.

Orders from the competent court, permitting sale of the property and appointing a guardian, where the property is held by a minor or person of unsound mind.

3. Conversion and land use permissions

With increasing urbanisation and merging of revenue lands with urban conglomerates, conversion of property for non-agricultural use assumes crucial significance, since several state laws restrict purchase of agricultural property by non-agriculturists. Secondly, the buyer must examine the Master Plan and satisfy that the property is developed in accordance with the zoning plan – such as residential, commercial, industrial, public/semi-public, parks and open spaces, etc. Where actual use is different from the notified zoning, obtaining orders from the Town Planning Authority permitting change of land use, is mandatory.

4. Construction approvals

For purchase of apartment or land with constructed building, the buyer should also scrutinise the building plan / layout plan sanctioned by the local municipal authorities, along with approvals issued by government, statutory and regulatory authorities, for providing infrastructure facilities, water, sewage, electricity, environmental clearance, fire safety approval, etc.

5. Occupancy certificate

It is mandatory for the seller to obtain the occupancy certificate from the competent authority, prior to conveying the property. Use of the property, without obtaining occupancy, exposes the buyer to penalty under the applicable building bye-laws, besides the risk of demolition of the property.

6. Check status of tax payment

Non-payment of property taxes constitute a charge on the property, affecting its marketability. Hence, the buyer must verify with the municipal authorities that the seller has not defaulted on payment of property taxes.

7. Encumbrance

Searches at the jurisdictional sub-registrar of assurances, where property documents are registered and information available on the official web portal of the Ministry of Corporate Affairs, in case of the seller being a corporate entity, will reveal information of any registered encumbrance on the property. By way of caution, the purchaser may also issue public notice in newspapers, prior to completing the transaction, calling for claims from interested third parties, if any.

8. Physical survey and access to the property

The buyer may undertake a physical survey and confirm the extent and measurement of the property. In the case of land, it is advisable to identify and demarcate the boundaries and access to the property and further, ascertain any other physical attributes that may impede enjoyment of the property.

9. Compliance under the Real Estate (Regulation and Development) Act, 2016 (RERA)

RERA mandates that developers should register their projects with the authority constituted under the Act. A buyer, intending to buy a property in a project coming under the ambit of RERA, is advised to verify whether property has been registered with the authority under RERA. Information available on the official web portal of RERA for each state, also provides details of any cases / complaints filed against the developer of the project and default by developer, if any and thus, provides useful insight into the credibility of the developer and the project and helps the buyer make an informed choice.

Conclusion

While buying a property, it is better to err on the side of caution. With proper legal advice, scrutiny of documents and verification of relevant information pertaining to the property, the buyer can ensure that the investment brings peace of mind and a sense of security.

Balaji Symphony is one of the best Luxury residential and Commercial Real Estate developer and Builders in Panvel, Navi Mumbai. Provides lavish and luxurious developed 1 BHK, 2 BHK and 3 BHK Flats & Projects in Panvel. The venture is well prepared with all contemporary facilities and 24X7 protection support to accomplish the needs of the citizens with modern amenities and security services. Buy Property in Navi Mumbai.

Soruce:https://housing.com/news/key-legal-checklist-buying-property/

[qualcondreams-blog]

Affordable Homes At Panvel - Qualcon Dreams Builders & Developers

Dreams are meant to be realised, cherished, shared and then gifted to the generations that follow. Dreams are the inspiration behind your life's greatest works, the very purpose that enriches and empowers you on your journey on earth.

At Qualcon Dreams, we understand the importance of your dreams which is why we have made it centric to our endeavour. Our name stands testimony to this resolve.

Your search for the dream budget home ends here. We have come up with RERA registered 1RK, 1BHK, 2BHK flats in Panvel & Taloja.

Panvel to go major facelift in all development purpose and hence it is a time to invest your money here in property and major of people are doing so. We at Qualcon, represent quality residential projects conceived by the most reputed builders and developers in Panvel, Navi Mumbai offering real value in real estate to families looking at deals that elevate them without straining their purse strings.

As Navi Mumbai International Airport(NMIA) is a very awaiting project going to construct in Panvel, the location has a huge importance for investment. Apart from the NMIA, Panvel delivering many other developments like Navi Mumbai Metro, CSMT to Panvel Fast Corridor, Panvel Railway Terminus and many more plans. Hence, it is a perfect time to invest in Panvel before prices go high.

We have projects like Qualcon Palms - A Well-Connected Location Of Panvel. Every Luxury, Right From The Greenspace, Grand Living Spaces, Recreational Arenas To Space For Your Luxury On Wheels. Krushna Kunj - Welcome to Krushna Kunj–an arbour of divine living at Ghot, Taloja, where luxury and wellness meet connectivity and affordability under one roof. Aashvi Heights - Aashvi Group is a between two of Navi Mumbai's prominent and innovative company in the market currently! Sparsh - The touch of elegance, the feel of spaciousness, the warmth of luxury, the wellness of serenity.

Qualcon has such similar projects in Panvel, Taloja locations. Let us experience you the township living in your budget at a prime location.

We believe in providing services with trust and looking forward to redefine the ‘Happiness’ quotient in the lives of all our customers through work that reflects our core values of quality, reliability, transparency and accountability.

Our dream is to achieve the goal of providing housing for all. We also provide some tips for home buying & loan procedure in the form of Blogs. You will find a news section where all kind of real estate updates are available.

Buyers seeking budget flats/apartments/properties/homes in Panvel can now avail Qualcon’s best Home loan guidance and loan tips on residential flats and townships in Panvel. Walk into the Qualcon office and allow our representative to address any further queries you may have with regards to home loans.

With property rates in Panvel, Navi Mumbai set to appreciate multifold, the focus of all NRI investment is right here, within NAINA’s smart zone. And so is the Qualcon Dreams team of seasoned professionals ready to assist and update NRIs on Loans, tax benefits, power of attorney and RBI regulations.

[ourbalajisymphony-blog]

Maharashtra Stamp Duty Amnesty Scheme 2019: How Does Tt Work

Stamp duty is a state subject and is administered by the respective states. The government of Maharashtra, on March 1, 2019, announced an amnesty scheme with respect to the penalty that can be levied for insufficient payment of stamp duty made in the past. The scheme is available only for certain real estate transactions.

Stamp duty in Maharashtra and existing penalty provisions

When you enter into any transaction of immovable property, whether it is a lease or sale or mortgage of the property, you are required to pay appropriate stamp duty on the agreement under which such transaction is being done. You are also required to register the document with the office of the registrar.

In case adequate stamp duty is not paid with respect to any instrument, the instrument is not accepted as evidence in any legal proceeding. Moreover, such inadequately stamped documents can also be impounded by the judicial authority, as and when submitted as evidence.

In order to rectify any such infirmity in the inadequately stamped document and to make it admissible as evidence, you are required to pay the differential amount of duty. You are also required to pay a penalty, calculated at 2% of the deficient amount of stamp duty, from the date of execution of the document till the date of payment of deficient stamp duty. However, the maximum amount of stamp duty that can be levied in such cases shall not exceed 400% of the deficient duty.

Gist of the Maharashtra stamp duty amnesty scheme

The scheme proposes to limit the penalty payable on certain transactions to 10% of the deficient stamp duty, instead of the 400% which can be levied in normal course by the government. The scheme can be availed of only with respect to inadequately stamped documents and cannot be availed of, if no stamp duty has been paid at all for such instrument. However, for documents executed by government corporations like the Maharashtra Housing and Area Development Authority (MHADA), City and Industrial Development Corporation of Maharashtra Limited (CIDCO) and Slum Rehabilitation Authority (SRA), the benefits under this amnesty scheme can be availed of, even if no stamp duty has been paid on such documents.

The scheme applies to all the transactions of sale or transfer of tenancy rights, of residential houses within Maharashtra. It even covers any instrument purporting to allot, transfer or sale any of the units in a housing society, which are eligible for deemed conveyance or for which deemed conveyance is pending. It also applies to transactions of allotment or transfer of all the immovable property units, whether residential or non-residential, of CIDCO, MHADA or SRA.

You can avail of the amnesty scheme for all the cases where the action for recovery of deficient duty has been initiated, or the cases which are subject matter of appeal before any stamp duty authority or before any court of law and with respect to which no decision has yet been pronounced. In case of pending appeal, you will have to withdraw the appeal unconditionally, before making an application under this scheme, with a declaration to this effect in the application form. You can also avail of this scheme for the documents that were not adequately stamped and you want to get them regularised. You can also avail of the benefit under this scheme, in cases where applications were made under any previous amnesty scheme and the stamp duty and penalty was not paid, by filing a fresh application.

However, you cannot avail of the amnesty under this scheme, to claim any refund of penalty if the same has already been paid, before the announcement of this scheme. This scheme is available only for documents that have been executed on or before December 31, 2018.

How to avail of the amnesty scheme on stamp duty penalty?

Any person who is party to any documents, or his successor in the title to the property, as well as power of attorney holders, are eligible to apply under this scheme.

In case you wish to avail of the benefit of reduced penalty under this scheme, you are required to make an application in Form A prescribed under the scheme. You are required to furnish your basic details, as well as that of the property which is subject matter of the documents. You are also required to submit the original instrument on which inadequate stamp duty was paid, along with self-attested copies of the other supporting documents. The application, along with the instrument and supporting documents, has to be made within a period of six months from March 1, 2019, i.e., by August 31, 2019, the period up to which the scheme will remain open.

Once the application is received in the stamp office, the amount of deficient duty, as well as the amount of penalty, will be communicated to you, based on the details submitted by you through an order. You are required to pay the amount stated in the order within 60 days, failing which your application will be treated as null and void.

Whom will this scheme benefit?

This scheme will benefit all the property owners who had purchased their present property in a housing society or those constructed by MHADA, CIDCO or SRA and the agreements thereof, were made only on stamp paper of nominal amount, or even in cases where the sale transaction was made on a plain paper, at a time when the registering authorities were not under any obligation to ensure that adequate stamp duty was paid on the document purporting to transfer the title in the property. This will help such owners to sell the property with ease, as the defect of inadequate stamp duty gets cured. It will also help many housing societies, where the conveyance is not yet done and wish to avail of the facility under deemed conveyance, for the land on which the building of the society is constructed. This will also help the residents of old housing societies who wish to opt for redevelopment.

Balaji Symphony is one of the best Luxury residential and Commercial Real Estate developer and Builders in Panvel, Navi Mumbai. Provides lavish and luxurious developed 1 BHK, 2 BHK and 3 BHK Flats & Projects in Panvel. The venture is well prepared with all contemporary facilities and 24X7 protection support to accomplish the needs of the citizens with modern amenities and security services. Buy Property in Navi Mumbai.

Source: https://housing.com/news/maharashtra-stamp-duty-amnesty-scheme-2019-how-does-it-work/

[ourbalajisymphony-blog]

Legal Tips For Buying Agricultural Land In India

Buying a piece of land, for many, is the first step towards building one’s own home. Hence, it is important to confirm that the land has a clear and marketable title, to avoid falling into legal hassles. While buying agricultural land in India, one has to confirm that there are no disputes or legal hassles and the process of registering has to be hassle-free. Procedures for buying agricultural land vary from state to state.

In some states like Telangana, anyone can buy agricultural land, regardless of whether or not they are farmers. However in other states, like Karnataka, only registered farmers or those from farming families can buy agricultural land. Therefore, one should be aware of the rules in the state, prior to buying agricultural land. Given below are some of the points that one should consider, for buying agricultural land in India.

Title deed of the land plot

The title of the property confirms the seller’s name and also verifies whether the seller has an absolute right to sell the property. The original present deed and previous deeds, should be examined by a lawyer, to verify that the seller has not allowed access to others through this land. If there is more than one person owning the land, it is important to have the release certificate from the other participants involved, before registering the documents.

Agreement

After the verification of all the documents, a written agreement on the cost, advance payment and the time within which the actual sale will take place, is made. The agreement must be drawn by a lawyer and should be signed by both the parties and two witnesses.

Stamp duty on the land

Stamp duties are government taxes and vary from state to state. A stamp duty paid shall be considered a legal document and can be admitted in court, as evidence.

Registration of the land

Registration is the process by which a copy of a document is recorded and the title of the immovable property is transferred in the name of the buyer, at the registrar’s office. As per the Indian Registration Act 1908, the deed should be registered at the sub-registrar’s office, within four months of the date of the execution of the document. Details such as original title deed, previous deeds, house tax receipts and two witnesses for registration of the property, should be provided in the document.

Conveyance deed or sale deed of the land

A sale deed is a document that transfers the title of the property, from the seller to the buyer. This document will help you to determine ownership of the property, where the property is located and the details such as site measurement, boundary details, etc.

Tax receipt and bills

The buyer should check the latest property tax bills and can ask for the same at municipal offices. The buyer must also ensure that notices or requests relating to the property are not outstanding. Water, electricity are other bills, should be up to date.

Encumbrance certificate

An encumbrance certificate may be obtained from the sub-registrar’s office, for the last 13 or 30 years, to ensure that the land has no legal duties or complaints.

Measuring the land

A recognised surveyor can ensure that the measurements of the plot and its boundaries are accurate and as indicated in the title certificate.

Changing the title of the land in the village office

The entire legal procedure for the purchase of the property is completed, only if the name of the new owner is added to the village office record. An application can be made to the village office, together with a copy of the registered deed.

Purchasing land from NRI land owners

A person staying abroad can sell his or her land in India, by authorising a third party to sell the land on his or her behalf. In such cases, the power of attorney should be witnessed and duly signed by an officer in his province’s Indian embassy.

Important guidelines to convert agricultural land into non-agricultural use

Any development, which has to be undertaken in agricultural land, should take place only after converting the land into non-agricultural use.

An application form has to be submitted to the concerned authorities, clarifying the reason behind conversion.

The necessary documents like sale deed, tax paid receipt and mutation letter, have to be submitted with the application form, along with details like the dimensions and extent.

Depending on the property and locality, a fee should be paid for the land to be converted to non-agricultural purposes.

The authorised person, like the deputy commissioner or the collector, will permit conversion of the land if the necessary conditions have been met and no litigation is pending.

The land is declared non-agricultural land, after it receives the official conversion certificate.

Above all, when buying a property, home buyers should check the previous land records and always buy it from a trusted and renowned developer.

Balaji Symphony is one of the best Luxury residential and Commercial Real Estate developer and Builders in Panvel, Navi Mumbai. Provides lavish and luxurious developed 1 BHK, 2 BHK and 3 BHK Flats & Projects in Panvel. The venture is well prepared with all contemporary facilities and 24X7 protection support to accomplish the needs of the citizens with modern amenities and security services. Buy Property in Navi Mumbai.

Soruce:https://housing.com/news/legal-tips-buying-agricultural-land-india/

[ourbalajisymphony-blog]

Maharashtra Stamp Duty Amnesty Scheme 2019: How Does It Work

Stamp duty is a state subject and is administered by the respective states. The government of Maharashtra, on March 1, 2019, announced an amnesty scheme with respect to the penalty that can be levied for insufficient payment of stamp duty made in the past. The scheme is available only for certain real estate transactions.

Stamp duty in Maharashtra and existing penalty provisions

When you enter into any transaction of immovable property, whether it is a lease or sale or mortgage of the property, you are required to pay appropriate stamp duty on the agreement under which such transaction is being done. You are also required to register the document with the office of the registrar.

In case adequate stamp duty is not paid with respect to any instrument, the instrument is not accepted as evidence in any legal proceeding. Moreover, such inadequately stamped documents can also be impounded by the judicial authority, as and when submitted as evidence.

In order to rectify any such infirmity in the inadequately stamped document and to make it admissible as evidence, you are required to pay the differential amount of duty. You are also required to pay a penalty, calculated at 2% of the deficient amount of stamp duty, from the date of execution of the document till the date of payment of deficient stamp duty. However, the maximum amount of stamp duty that can be levied in such cases shall not exceed 400% of the deficient duty.

Gist of the Maharashtra stamp duty amnesty scheme

The scheme proposes to limit the penalty payable on certain transactions to 10% of the deficient stamp duty, instead of the 400% which can be levied in normal course by the government. The scheme can be availed of only with respect to inadequately stamped documents and cannot be availed of, if no stamp duty has been paid at all for such instrument. However, for documents executed by government corporations like the Maharashtra Housing and Area Development Authority (MHADA), City and Industrial Development Corporation of Maharashtra Limited (CIDCO) and Slum Rehabilitation Authority (SRA), the benefits under this amnesty scheme can be availed of, even if no stamp duty has been paid on such documents.

The scheme applies to all the transactions of sale or transfer of tenancy rights, of residential houses within Maharashtra. It even covers any instrument purporting to allot, transfer or sale any of the units in a housing society, which are eligible for deemed conveyance or for which deemed conveyance is pending. It also applies to transactions of allotment or transfer of all the immovable property units, whether residential or non-residential, of CIDCO, MHADA or SRA.

You can avail of the amnesty scheme for all the cases where the action for recovery of deficient duty has been initiated, or the cases which are subject matter of appeal before any stamp duty authority or before any court of law and with respect to which no decision has yet been pronounced. In case of pending appeal, you will have to withdraw the appeal unconditionally, before making an application under this scheme, with a declaration to this effect in the application form. You can also avail of this scheme for the documents that were not adequately stamped and you want to get them regularised. You can also avail of the benefit under this scheme, in cases where applications were made under any previous amnesty scheme and the stamp duty and penalty was not paid, by filing a fresh application.

However, you cannot avail of the amnesty under this scheme, to claim any refund of penalty if the same has already been paid, before the announcement of this scheme. This scheme is available only for documents that have been executed on or before December 31, 2018.

How to avail of the amnesty scheme on stamp duty penalty?

Any person who is party to any documents, or his successor in the title to the property, as well as power of attorney holders, are eligible to apply under this scheme.

In case you wish to avail of the benefit of reduced penalty under this scheme, you are required to make an application in Form A prescribed under the scheme. You are required to furnish your basic details, as well as that of the property which is subject matter of the documents. You are also required to submit the original instrument on which inadequate stamp duty was paid, along with self-attested copies of the other supporting documents. The application, along with the instrument and supporting documents, has to be made within a period of six months from March 1, 2019, i.e., by August 31, 2019, the period up to which the scheme will remain open.

Once the application is received in the stamp office, the amount of deficient duty, as well as the amount of penalty, will be communicated to you, based on the details submitted by you through an order. You are required to pay the amount stated in the order within 60 days, failing which your application will be treated as null and void.

Whom will this scheme benefit?

This scheme will benefit all the property owners who had purchased their present property in a housing society or those constructed by MHADA, CIDCO or SRA and the agreements thereof, were made only on stamp paper of nominal amount, or even in cases where the sale transaction was made on a plain paper, at a time when the registering authorities were not under any obligation to ensure that adequate stamp duty was paid on the document purporting to transfer the title in the property. This will help such owners to sell the property with ease, as the defect of inadequate stamp duty gets cured. It will also help many housing societies, where the conveyance is not yet done and wish to avail of the facility under deemed conveyance, for the land on which the building of the society is constructed. This will also help the residents of old housing societies who wish to opt for redevelopment.

Balaji Symphony is one of the best Luxury residential and Commercial Real Estate developer and Builders in Panvel, Navi Mumbai. Provides lavish and luxurious developed 1 BHK, 2 BHK and 3 BHK Flats & Projects in Panvel. The venture is well prepared with all contemporary facilities and 24X7 protection support to accomplish the needs of the citizens with modern amenities and security services. Buy Property in Navi Mumbai.

Source:https://housing.com/news/maharashtra-stamp-duty-amnesty-scheme-2019-how-does-it-work/