How are registration fees calculated when I buy a flat in Sambalpur?
RE Asked by Reshma Pillai from India
Quick Answer
Registration fees in Sambalpur are a percentage of the property value under the Odisha Rent Control Act 1962.
Detailed Legal Analysis
Registration fees in Sambalpur are a percentage of the property value under the Odisha Rent Control Act 1962. The Orissa High Court has clarified that registration charges are distinct from stamp duty and cannot be adjusted.
The fee is typically 1% of the consideration. You pay it at the sub-registrar when you present the deed.
Underpayment attracts a penalty up to ten times the deficit. The receipt is needed for mutation and property tax assessment.
Disclaimer: AI-generated for educational purposes only. Does not constitute legal advice. Consult a qualified practitioner.