Stamp duty is Not Compulsory when buying properties from banks under SARFAESI Act, 2002
Attributed to Mr. Sridhar Samudrala, Founder & CEO, HectaDiscover how buying properties from banks under the the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act can save you significantly—no stamp duty, typically 5% to 10% of the registration value, required. This exemption not only makes these properties more affordable but also opens doors for investors looking to capitalize on lucrative opportunities in buying, flipping, or trading real estate. With INR 5,71,850 Crores of NPAs reported by the Reserve Bank of India at FY23's end across 89 scheduled banks, the market is ripe for savvy buyers.Awareness of buying properties from banks under the SARFAESI Act is essential to capitalize on these opportunities. In a significant ruli...









