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Tenancy act
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 ?
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Quick Summary
Tenancy: Rights of landlords, tenants, Types of Tenancy (housing.com)
Transfer of ownership of flat by the owner under pagdi system to the tenant (kaanoon.com)
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 ?
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