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
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
The ready reckoner rates in Mumbai are the government-determined benchmarks, below which a property cannot be sold and registered in the state’s records. Even if the owner decides to sell the property at a … READ FULL STORY
Kashmere Gate, settled in the heart of Delhi, stands as a testament to the city’s rich history and vibrant present. Its strategic location, historical significance, and urban dynamism make it a focal point for … 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
When you enter into an agreement to buy a property, you have to pay stamp duty to the government. The amount of stamp duty is generally based on the value of the property mentioned in … READ FULL STORY
Stamp duty is a compulsory obligation payable on the document which encapsulates the transfer of immovable property, such as real estate. Home buyers are required to pay this when registering the agreement for sale. … READ FULL STORY
Ready Reckoner (RR) rates indicate the value of land or residential and commercial properties of an area, determined by the state government and are published annually. RR rates vary as per the area under … READ FULL STORY
The union cabinet, on August 23, 2017, approved the transfer of 40 acres of land owned by the Airports Authority of India (AAI) to the Mumbai Metropolitan Region Development Authority (MMRDA). The transaction will … READ FULL STORY
Recently the Brihanmumbai Municipal Corporation (BMC) in its budget, had proposed a surcharge of one percent on the sale and purchase of properties, to fund its infrastructure projects. In yet another move, the Maharashtra … READ FULL STORY
Legislators from Mumbai’s suburban districts, on January 9, 2017, opposed any hike in the Ready Reckoner rates, during a meeting called by Collector DS Kushwa. Only three legislators – former minister Mohammed Arif Naseem … READ FULL STORY
The union government’s recent decision to demonetise Rs 500 and Rs 1,000 notes, has hit stamp duty collection in Maharashtra, which is already down by 37% across the state, the Inspector General of Registration … READ FULL STORY
