FAQs

What is market value?
Market value in relation to any property which is the subject matter of an instrument means the price which such property would have fetched if sold in the open market on the date of execution of such instrument or the consideration mentioned in the instrument, whichever is higher. The price which such property would have fetched if sold in the open market is determined on the basis of the Ready Reckoned issued each year.


  • Who is required to pay stamp duty and registration fee on purchase or lease of a flat or office?
  • How is stamp duty paid in Maharashtra?
  • What is the procedure for registration of an instrument?
  • What is the procedure for registration of an instrument?
  • Can a person grant a power of attorney for signing and registering instrument?
  • Which documents should a flat purchaser ask for at the time of booking a flat?
  • How will a flat purchaser know that his next installment is due?
  • How will a flat purchaser know if a building, which is under construction, in which he has booked a flat, is completed?
  • Can a flat purchaser carry out interior decoration works in his flat?
  • Does a flat purchaser require a No Objection Certificate from the Developer for availing of a home finance loan?
  • What formalities does a flat purchaser require to complete before taking possession of his flat?