u/OldPatient6185

valuation is way too higher for a resale flat (10-15 yr old bldg, lower floors) the difference between valuation by Govt or RR rate (Ready Reckoner Rate) But in the neighborhood the sale price is similar to sale consideration but the Market Valuation is so high, the difference is almost 22 Lakhs+ so the tax for buyer is way too higher. What can the buyer do in such a case? Will the buyer have to pay the higher tax ?

from all the articles I have seen, i came to know that 1% tds to pay if 50L+. Thing is flat sale price is 41L and market valuation by Govt is 50L+ - so in this case do I pay tds or not - if yes then how - is it that I deduct from the installments I pay seller or I pay as penalty ie I pay agreed sale value + TDS - in this case am at loss. From the articles I have read, it says to deduct but the seller is adamant on it saying why deduct when his price is less than 50 but when I will do tds in his name he will claim it so he gets the deducted portion right? Please educate me - am i wrong here - if I am right now do I convince the seller. He is also asking to pay the non-loan amount before registration (his flat has tenant as well), unless I pay the non loan he won't give Tennant the notice to vacate, he said he will have loan amount on sale deed day and by then tenant will vacate, am just worried if he's scamming me or am I just too paranoid what if he runs away bcoz if no registration done then how should I give that much amount. I have already given him 1L booking amount. HELP!!!