MaharashtraRegistration & stamp dutyRERAProperty & title
Bombay High Court says parking money with bank is not payment of stamp duty or registration charges
· Reported by LiveLawBiz
The Bombay High Court set aside MahaRERA and MahaREAT directions requiring JP Builders to execute a registered agreement, holding that a buyer had not proved payment of stamp duty and registration charges merely by transferring money to a bank account. For title diligence, the check is the actual challan or e-SBTR credited to the stamp or registration authority, not an internal bank transfer or funding arrangement.
We have not written our own note on this one yet. The source report and, where we found it, the primary document are linked below.
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