Regarding Agreement Value on Sale of Unit with the imploication of Sec 43CA
This query is : Resolved
23 August 2022
Sir,
Suppose a Builder wants to sell a Commercial Unit/Office Rera Carpet 31.43 sq. mtr to Mr X with One Car parking free of charge i.e. Agreement value is with out Car Parking ( mentoning in the agreement that the One Car Parking is provided free of Cost)
The RR Value of Unit + Carparking ( Rs. 75,07,000+ 6,85,000) is Rs. 81,92,000/-
My question is if Agreement is registered for (75,07,000/1.10) Rs. 6824545/- is Ok
should be registered for 74,47,273/- [ 75,07,000+6,85,00 = 81,92,000/1.10) to be out of the purview of Section 43CA , it is within safe harbour.
Please explain
Suppose a Builder wants to sell a Commercial Unit/Office Rera Carpet 31.43 sq. mtr to Mr X with One Car parking free of charge i.e. Agreement value is with out Car Parking ( mentoning in the agreement that the One Car Parking is provided free of Cost)
The RR Value of Unit + Carparking ( Rs. 75,07,000+ 6,85,000) is Rs. 81,92,000/-
My question is if Agreement is registered for (75,07,000/1.10) Rs. 6824545/- is Ok
should be registered for 74,47,273/- [ 75,07,000+6,85,00 = 81,92,000/1.10) to be out of the purview of Section 43CA , it is within safe harbour.
Please explain
23 August 2022
What is the stamp duty value of the property? Any weight-age over and above that value by RERA authority?
If no, choose second option.
If no, choose second option.
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