I am planning to purchase an under-construction flat in a residential project from the original allottee of the flat. What is the stamp duty payable?
— R Siddharth No stamp duty is payable on a mere transfer of an allotment of the flat by the present allottee of the flat in your favour. I want to purchase the ground floor of a two-storey property which was jointly inherited by two siblings. The siblings have a mutual understanding to reside on separate floors of the property. The one residing on the first floor is unwilling to join in the execution of the sale deed of the ground floor in my favour?
— Sumit Sharma Since the property is jointly owned by two individuals, each individual has undivided share in the entire property, which is not identifiable by metes and bounds, even though currently each individual may actually be residing on separate floors. Since you are planning to purchase only the ground floor, the sale deed in your favour for this specific portion of the property is required to be executed by both the owners, given that they both have joint and undivided share in the ground floor. However, in case the joint owner who is occupying the first floor is unwilling to execute a sale deed in your favour in respect of his undivided ownership in the ground floor, the next suitable alternative is to purchase the ground floor after the entire property has been partitioned by metes and bounds. What is the applicable stamp duty rate and registration fee on sale deed of a property purchased by a woman in Delhi?
— Sumona Sagar In Delhi, the duty rate payable on sale deed/conveyance deed of an immovable property which is purchased by a woman or in favour of a woman is 4% (out of which 2% is towards stamp duty and 2% is towards corporation tax). Currently, the registration fee for a sale deed/conveyance deed of an immovable property in Delhi is 1% of the consideration amount set out in the document or of the value calculated as per prevailing circle rates – whichever amount is higher, and subject to a minimum fee of ` 1,000. I am a Hindu male and own certain coparcenary properties. Can I write a will for setting out succession of such coparcenary properties?
—Shobhit Sharma Yes, you may make a testamentary disposition of your own undivided share in the coparcenary/ancestral property under your will. The author is Senior Partner at Zeus Law, a corporate commercial law firm. One of its areas of specialisation is real estate transactional and litigation work. If you have any queries, email us at htestates@hindustantimes. com or email@example.com