All ReportsBribe HotlineWe two friends purchased a single property with equal share. Now My freind intends to sell his share of property to me. What documents can be executed, can we avoid stamp duty for registeration of
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We two friends purchased a single property with equal share. Now My freind intends to sell his share of property to me. What documents can be executed, can we avoid stamp duty for registeration of

Reported on December 6, 2010 from Bangalore , Karnataka  ι Report #33921

<p>
You will need to execute a sale deed with your friend. A sale of a share in immovable property is like any other sale. The duty payable will be the same as for a sale. You can go to the website of the Registration department of the State concerned to download the stamp duty that applies to sale transactions. If the transaction pertains to properties in Karnataka state, then the website of the department concerned is: http://www.karigr.org/citizen/stampduty.htm</p>
<p>
Please download the citizens charter from the website and carry it with you, to ensure that you do not pay a bribe to get the property registered in your name.</p>

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We two friends purchased a single property with equal share. Now My freind intends to sell his share of property to me. What documents can be executed, can we avoid stamp duty for registeration of such document. Please mention what is the amount of stamp duty if exists.