Secondly the market value per sq. At times, it is advisable to file an appeal. The benefit of filing an appeal as per the provisions of the Bombay Stamp Act 1958 is that as of date one can file an appeal without paying any amount as stamp duty. The recurring amnesty schemes being introduced by the government helps the duty payers in paying the amount at a later date. The prevailing market value for the year 1999 as is being planned for the city of Mumbai is almost same as in 1998.
Marginal relief is given in some of the suburban areas.
With the introduction of computers in the stamp offices, the recovery notices are being received faster by the stamp duty payers. The document has to be registered within a period of four months from the date of its execution. If for certain reasons the parties cannot attend the office of the Sub-Registrar within a period of four months then in such cases the parties can execute a deed of confirmation and complete the registration formalities. Alternatively, they will have to ensure that two witnesses accompany them. It may be emphasised that the courts have held that if the Confirming Party has not received financial consideration then in such circumstances the Income Tax Clearance Certificate of the Confirming Party cannot be insisted upon by the Joint Sub-Registrar.