SMART WAY TO GET CHEATED !!!


Some property buyers try to CHEAT THE GOVERNMENT by undervaluing the property and register the same at a very low price or at the guidance value to EVADE the Stamp Duty and in some cases to PART WITH ILLEGAL MONEY OR BLACK MONEY TO AVOID INCOME TAX or to PARK THEIR ILLEGAL WEALTH OR MONEY IN THE PROPERTIES.

Both this type of buyer and seller, normally GETS INTO TROUBLE.

The Agents/developer/seller states that there are some banks and financial institutions provide loans and issue several DD or Cheques or Transfer of money.  One Cheque or DD or Transfer for the value to be shown in the SALE DEED for registration and another for the extra illegal or black or tax evaded amount.

Few buyers and few sellers have got into serious trouble and in most of the cases, there is violence, police cases and physical hazard to either of the parties or whomsoever is strong, mighty with criminal connections.

IN A BID TO CHEAT THE GOVERNMENT, THEY LAND IN JAIL, CRIMINAL CASES, RECOVERY PROCEEDINGS, PENAL PROCEEDINGS and HOSPITAL, after a physical fight.

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