Interesting to know that you can split the purchase value by splitting into sale deed for Rs 60 L and work order for Rs. 21.75 L to save stamp duty. I will indicate few pros and cons and leave the decision to you.
Pros
1) Saving on stamp duty and thus saving in cost of purchase.
Cons
1) Will there be any GST on the work order, as the value of work done is more than Rs. 20 L?
2) Is the seller competent to execute the work order?
3) For the seller, he will pay long term capital gains (if he acquired the house more than 3 years ago) on the stamp duty value of Rs 60 L and he will be eligible to claim deductions as applicable to him. If there is still any tax liability it will be at 20% + Cess. On the remaining amount of Rs. 21.75 Lakhs, its income from business or profession or other sources and pay tax accordingly at slab rates as applicable to him.
4) If you are a business person and covered under tax audit, you may have to deduct at source on the amount of Rs. 21.75 Lakhs also, if its used for your business / profession.
5) Whether you are registering for Rs. 60 L or for Rs. 81.75 L, you need to deduct tax u/s 195 of the Income Tax Act at 20%+cess as the seller is a Non Resident.
6) When you sell the house, your cost of acquisition is Rs. 60 L as per sale deed and Rs 21.75 L as per work order. However, you may not be able prove the service done by the "service provider", i.e., the seller. It may therefore become a bone of contention between you and the department. You need to put in additional efforts to prove the cost of acquisition.
I leave the decision to you.
