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Tenancy act

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ArpanGoenka

partner

85 Points Posted on 11 January 2022

anybody knows about what's the law when any tenant of 25 - 30 years tenancy wanted to convert into ownership and landlords also agree in Mahashtra & Gujarat ?

Replies (3)

Quick Summary

This discussion explores the legal framework for long-term tenants (25-30 years) under the Pagdi system in Maharashtra and Gujarat who wish to purchase their property. The specific case involves tenants agreeing to buy at Rs. 1000 sq ft while the circle rate is Rs. 4500 sq ft, raising concerns about potential IT notices due to the discrepancy. The query seeks solutions for this situation where both tenants and landlords have agreed to the sale.

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

212444 Points Posted on 13 January 2022

Tenancy: Rights of landlords, tenants, Types of Tenancy (housing.com)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

212444 Points Posted on 13 January 2022

Transfer of ownership of flat by the owner under pagdi system to the tenant (kaanoon.com)

ArpanGoenka

partner

85 Points Posted on 13 January 2022

I am Arpan Goenka from Kolkata. We are 12 tenants in building under padgi system from last 30 years. Now landlord wants to sell officially to tenants. Both party agrred @ Rs. 1000 sq feet approx while circle value by state showing Rs. 4500 per sq feet. Hence if tenant pay stamp duty on Rs. 4500 and pay chque of Rs. 1000 then will get IT notice from central govt as per all charted accountant. What is the solution ?