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BDA Auction Registration based on Guidance value?

Posted: June 13th, 2014, 1:51 pm
by suresh13
Hi
If guidance value is 4000, 30*40 costs 48L.
If the same plot is auctioned, and highest bidder is at 10000, same plot costs 1CR.

So in the Sale deed with BDA what will be the value? 48L or 1CR.
What will the registration fees. 7.5% of 48L or 7.5% of 1 CR.

Anyone aware of this, pls respond. Thanks for your time .

Regards
Suresh

Re: BDA Auction Registration based on Guidance value?

Posted: June 14th, 2014, 9:37 am
by chandramouli
In the example cited, registration will be for a value of Rs 1 crore only. I am not sure of the current registration charges. Chandramouli

Re: BDA Auction Registration based on Guidance value?

Posted: June 15th, 2014, 5:45 pm
by Kumara
Yes, that is right, the Registration will consider 1 Crore. The stamp duty + Registration fees will be about 6 to 7% ( I paid 6.7%) . Safe to assume 7% + Some "convenience charges" to move the files.