50 percent stamp duty

It depends where the property is located.

There is a provision for Investors in Maharashtra. If the property is bought and sold within 1 year and is not yet complete, then if the first buyer intends to sell the property within 1 year of its registration, then the new buyer can get the setoff of the amount of Stamp Duty paid earlier subject to certain charges being paid or deducted.

Anand

Thanks Mr. Reddy,

It is a commercial premises at Mumbai. The owner wants to sell it off within a period of one year of paying stamp duty and registration fees. That means he will have to pay 50% of the stamp duty payable by the buyer, right?