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Registration of property

05 March 2020

what will happen if registration of any property is cancelled...when someone challenged that registration value of nearer property is more than that property..

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6 Replies

CA Abhishek Pal (CA Practice) (60 Points)
Replied 05 March 2020

Hi Gaurav, Can you please explain further.

Which party is cancelling the sale agreement. (Buyer or seller)

Which party is challenging the property valuation (Buyer or Stamp duty authority)

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Gaurav Ghai (58 Points)
Replied 05 March 2020

Third party

CA Abhishek Pal (CA Practice) (60 Points)
Replied 05 March 2020

What is the role of third party ? Is he property dealer ?

Gaurav Ghai (58 Points)
Replied 05 March 2020

I m buyer.... Third party ne challenge kiya ke hamari shop ki registration ki value, jo Hamare se next shop hai uski registration value se kam hai... he file a case to cancel the registration of shops... ND he won the case... and registration is cancelled now... what should be done next??? can u advice me??

LAKSHMINATHAN.G (Accountant) (84 Points)
Replied 05 March 2020

The money paid to the seller. so far the entry is :-journal entry is:-Investment A/C Dr ; To party A/C.Then comes Payment entry. That is:-party A/C Dr To Bank A/C.This is the true face of the transaction. Until the dispute is settled all related A/Cs stand there.