Pegasus Properties Pvt. Ltd
The difference in Stamp Duty revision needs to be absorbed by the construction companies, if booking of property was done before the revision

Hello,

My wife and I booked a property (a residential apartment) in an upcoming township in Hinjewadi in March by making the initial down payment. However, the construction company did not have the agreement ready until June and so we have been asked to pay the difference in the stamp duty, after its revision from 2% to 5%.

We hold the construction company responsible for the delay in making ready the Agreement of Sale. Although they are willing to reimburse the amount of the down-payment, it does not help our cause or that of any similar buyer (consumer) who will have to pay 5% stamp duty elsewhere if he books any other property, even after booking the property before the said revision.

Our demand is simple: The construction company did not make the Agreement of Sale ready on time and hence they need to be held responsible for paying the difference in the Stamp Duty. As a legitimate buyer, I will bear the 2% tab, as originally agreed upon. Can the Consumer Grievances Cell help us?

Thanks and Regards,

Rahul