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What is meant by the market value of the property and is Stamp Duty payable on the market value of the property or on consideration as stated in the agreement?

What is meant by the market value of the property and is Stamp Duty payable on the market value of the property or on consideration as stated in the agreement?

by admin / Friday, 19 June 2020 / Published in

Market value means the price at which a property could be bought in the open market on the date of execution of such instrument. The Stamp Duty is payable on the agreement value of the property or the market value whichever is higher.

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