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Author Topic: Registration of Property  (Read 231 times)

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Offline Sandip1112

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Registration of Property
« on: July 01, 2016, 12:34:31 AM »
Sir,

Request you to advise on below query.

I have booked a flat in Mumbai which is under construction. Its a project of 9 high rise buildings and my building construction stage is finished 1st floor only out of 30 floors.

Question is - Builder is insisting me to register property and I am not interested to do that now. I have booked this flat for investment purpose.

Do I need to do stamp duty and registration immediately is it requirement of Govt of Maharashtra or Municipality?

Kindly advise

Thanks

Sandip 

Offline adv.amarnath

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Re: Registration of Property
« Reply #1 on: July 04, 2016, 11:34:09 AM »
You will be fooled by the promoter if you register the property at this juncture. Until the construction of the flat is getting completed you should not register the same. You can pay further earnest money to the developer against proper receipt. Further do not write or send letter to promoter/ developer with a word 'Investment'. This will curtail your rights from taking  consumer protection law help.
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Amarnath Sanyal
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