when a person offer a document for registration above the circle rate , discount on stamp duty two percent may be allowed on the excess value of circle rate and sale value, to encourage the persons to show the deal in maximum price . It will encourage the persons to show the maximum value and this will also stop of generation of black money.
We purchased a property in Vatika India Next, Gurgaon under resale from the original allottee. We have been trying since a long time to get a property registered at our actual purchase rate which is higher than the circle rate however the builder (Vatika Ltd) is not agreeable and is insisting that the registry can be done at the circle rate only.