- I Paid A Bribe
- 14 years ago
- 787 views
1% bribe is standard
- Stamps and Registration
- Land Registration
- Paid INR 76,000
It is a standard practice in Gurgaon - one has to pay 1% of registry value of the property as a bribe. Even for full white money deals where all papers are correct and made available.
Higher rates are charged where papers are not complete etc.
If you total up the cost of registered property in Gurgaon you will realise the size of the black money economy there.
I tried to fight this but had to give in when my registry papers were not given back to me for 6 months. The brokers, bank lawyers, land office staff and registrars are all hand in glove.