Property tax has to be paid by all property owners to the local municipal body irrespective of the type of property owned. A key revenue source for the municipal body, this is used to … READ FULL STORY
The approximate value of a land as maintained by the state government is known as the guidance value of a property. It is the minimum value at which a property can be registered in … READ FULL STORY
Circle rates, also known as ready reckoner rates or guidance values, are the minimum property values the government sets for specific areas within a city. In Hyderabad, these rates serve as a benchmark for … READ FULL STORY
A property’s value is determined either by the circle rate or the market value. If you get a property whose price is less than the market value, should you go for it? While it … READ FULL STORY
When one buys a property, the sale consideration is generally paid for, by way of money. However it is not necessary that the consideration for the transfer of a property, should always involve money. … READ FULL STORY
Property deals may sometimes be abandoned halfway after certain advance payments, like token money, have been made. The deal may be cancelled by either the seller or the buyer for a variety of reason. … READ FULL STORY
Updated on August 25, 2020: With an aim to improve home sales amid the Coronavirus pandemic, the Maharashtra government, on August 26, 2020, decided to reduce the existing 5% stamp duty on property registrations … READ FULL STORY
Capital gains under the income tax laws, are computed by deducting the cost of acquisition of the property from sale consideration of the same. Depending on the holding period of the property, one is … READ FULL STORY
