Insufficiency Of Stamp Duty - Treated As Rectifiable

The High Court of Madhya Pradesh, Indore Bench in a recent Order dated 12 June 2023 once again reconfirmed the position in law that RERA ought not to dismiss an application for RERA registration of document for deficit payment in stamp duty and the applicant ought to be allowed a chance to rectify the same.

Brief facts:

Accrual Realities Pvt. Ltd. (Accrual Realities) had entered into development agreement dated 11 February 2021 (Development Agreement) with one Mr Nazar Mohammed and Mr Abdul Hassan (Owners) for redevelopment of land and accordingly, paid stamp duty of Rs. 12,45,630/- (Rupees Twelve Lakhs Forty Five Thousand Six Hundred and Thirty Only) for the purpose of redevelopment of land.