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  • Why should the buyer of land/building alone be charged the registration fee? Why not the seller too?

    It is known that there is lot of corruption in the registration process of land or buildings. The true value is never shown, thus the state losing the revenue. The owner or the seller receives lot of money as black money, hence no record of it. The buyer pays all the black money, hence he is interested in reducing the cost to him and agrees to register for less amount to reduce the tax burden on him. If the registration fee is to be paid by the seller too, the buyer may insist for correct amount to be shown. In this way generation of black money may be reduced. Why is this simple thing not being looked into, in spite of all tall talks of reforms?

    6 AnswersLaw & Ethics1 decade ago