Buyer uses market value loophole to avoid stamp duty on property purchase

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A property buyer in India avoided paying Rs 11.35 lakh in stamp duty on a recent transaction. The buyer registered the sale based on the property's market value rather than its higher guideline value. The transaction involved a stamp duty of Rs 1.46 crore. This legal strategy highlights a discrepancy between market rates and government-set guideline values, resulting in significant tax savings.

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