market value Rs. 7lakhs
govt value Rs. 3.50 lakhs
the buyer wants to register @ Mv
but the seller wants to register @ GV.
which is considered.
The buyer got bank loan Rs. 7 lakhs
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Market value is greater than govt vslue
Replies (1)
The minimum value must be Stamp duty value( govt value). The seller wants to avoid paying higher capital gains and hence is asking for govt value as sale consideration and the remaining amount would be paid in cash ( out of books) .
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