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People also ask
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Is registration of agreement to sale is compulsory in Maharashtra?
The Court ruled that sale agreements, where possession is transferred or agreed to be transferred, must be considered conveyances and are liable for stamp duty and registration as per Article 25 of the Maharashtra Stamp Act, 1958.
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Is registration of mortgage deed compulsory in Maharashtra?
In case of Mortgage by way of Deposit of Title Deed, if an agreement has been registered between Bank and Mortgagor, it has to be registered with the Sub Registrar office. If there is no such agreement, the mortgagor has to file Notice of Intimation regarding such mortgage to the Sub Registrar office.
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What is Rule 44 1 )( I of the Maharashtra Registration Rules 1961?
It held that Rule 44(1)(i) directing the registering authority to ascertain as to (i) whether the transaction which is intended by the document, is prohibited by any existing Act of Central or State Government, (ii) whether true copy of requisite permission or No Objection Certificate from the competent authority under ...
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When was property registration started in India?
Several laws govern property registration in India. The Registration Act of 1908 mandates registration for property sales exceeding Rs 100 in value. Further, the Indian Stamp Act of 1889 requires stamp duty payment on registrable property documents.
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When was registration of property compulsory in Maharashtra?
1. Short title:- ( 1 ) These rules may be called the Maharashtra Registration Rules, 1961. (2) They shall come into force on the first day of January 1962.
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What is e registration in Maharashtra?
e-Registration made available to Citizen by Stamps and Registration Department of Maharashtra State. It provides facility of online Registration of Leave and Licenses Agreement to Citizen.
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When was stamp duty made compulsory in Maharashtra?
The Bombay Stamp Act, 1958 comes into force on 16th February, 1959 and is applicable in the State of Maharashtra. This Act is intended to levy Stamp duty on certain types of documents executed in the State or brought from outside for acting upon the same in the State.
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Is the seller required to be personally present at the time of registration in Maharashtra?
Yes, it is possible to register a property without the seller's physical presence in the registration office. But this process requires a legal mechanism called 'General Power of Attorney' or nominee registration.
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