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From: G V
Hi,
Came to know about this only today. if you have cross Collateral mortgage only one property is stamped for stamp duty and you pay stamp duty amount on the total loan. if you want to split the loan so that each loan stands on its own then you pay stamp duty again on the property for which you were not previously stamped (although the loan amount is not changed). any tip on hot to get the over stamped duty amount on the first property
GV
Hi,
Came to know about this only today. if you have cross Collateral mortgage only one property is stamped for stamp duty and you pay stamp duty amount on the total loan. if you want to split the loan so that each loan stands on its own then you pay stamp duty again on the property for which you were not previously stamped (although the loan amount is not changed). any tip on hot to get the over stamped duty amount on the first property
GV
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