Hi, In stamp duty challan the pincode we entered is incorrect, will this cause any issues? Should the pincodes in the sale agreement and stamp duty not match, will that be a problem in future or for loan disbursement?
It is of paramount importance that all your documents are in sync as it may lead to rejection of loan or some labeling of fraud by the bank in your case. You can change the pincode with a simple application to the revenue official and it will be rectified in a week or so.
If any further clarification is required, do let me know.
It should not be a problem in loan disbursal
The pin code of the purchaser or the seller is not a vital information.
Hence the mismatch of the pin code in the sale deed to that of the challan for the stamp duty will not make any difference.
you may just ignore the issue.
Thank you all for the quick responses, additionally wanted to check incase the pincode is incorrect on the sale agreement, will that cause any sort of issues?
It would not cause any problem
The pin code is not a vital information that will alter or change the sale deed or its conditions.
The pin code is just another piece of information hence better ignore the incorrect pin code.
- If the other details are correct then the mismatch in the PIN code will not create any trouble
Sale agreement becomes redundant ones sale deed executed. No issue
Dear Client,
As for the problem you have with the stamp duty challan where the extra zeroes were overprinted and the consequent confusion, I understand it fully. Let me explain all these facets supported with laws in India.
The wrong pincode in the stamp duty challan, as such, ought not to lead to huge legal complications if all other details on this document are correct and coherent. Although, there is such a thing as pincode related to stamp duty, the pincode is more administrative and does not normally determine the legitimacy of the payment of stamp duty. However, situations that would arise where the pincode filled in the challan differs from the pincode stated in the sale agreement might lead to some concerns during the subsequent selling or legal issues.
In the case, where the pincodes filled in the sale agreement and that of the stamp duty challan are different, then either during the loan disbursal or property registration there may be some issues. Most of the times, bankers and the authorities want to have secure and authentic documents to serve the purpose of loan recovery and legal issues. Any chances of inaccuracy, for example, wrong pincodes, might slow the process or may have to be rectified in order to call it a sale agreement.
In order to overcome this issue, it is recommended that one should try to rectify the pincode error as soon as possible. In this case, you should inform the particular authority or the office of stamp duty to do the changes on the challan details. Finally, make double-entry to the corrected details in any other documents related to the sale agreement and the loan application forms if the client applied for that.
Overall, although the wrong pincode does not necessarily mean that the challan is null and void it is advisable to attend to the loophole in order to prevent future complications such as challenges in property registration or loan procedures.
I hope this response is beneficial for your situation. If you need any further queries regarding this matter, do not hesitate to contact us again.
