At a time when several starts have reduced stamp duty and circle rates to offer better housing affordability, the Gurgaon administration has proposed a hike in collector rates for the year 2021-2022, the minimum … READ FULL STORY
Guideline value (GV) is the government-decided minimum value at which the property has to be registered in the official records. While it known as circle rate and ready reckoner rates in other states, the … READ FULL STORY
Under the existing laws in India, states fix a certain value for properties, below which it cannot be sold or registered in the government’s records. This rate is called the guideline value in Tamil … READ FULL STORY
According to a study conducted by IIM-Bangalore on behalf of the National Housing Bank (NHB), states should lower the stamp duty and registration charges for the purchase of affordable homes. The move would not … READ FULL STORY
The minimum value at which a property can be registered is its guidance value. In other words, it is the Ready Reckoner value of the property. The Department of Stamps and Registration of every … READ FULL STORY
Those entering the real estate market would invariably hear about the term ‘circle rate’ and its various other synonyms since real estate purchase transactions are based on this value. In this article we would … READ FULL STORY
Can a seller demand any amount of money for his property from a buyer? Not really! Since a property will not find many takers if it is priced higher than its fair value in … 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
The Union Budget, presented on February 1, 2020, has attempted to give certain reliefs to developers and home buyers. It also attempts to introduce some provisions, to minimise unnecessary litigation between tax payers and … READ FULL STORY
Buying a property is not just about paying the money and taking possession of the unit. The process and the documentation involved in the transaction, is complicated and is often beyond the comprehension of … READ FULL STORY
What are Ready Reckoner rates? The minimum value at which a property has to be registered in the case of its transfer, is called the Ready Reckoner rate, which is also known as circle … READ FULL STORY
Update on April 2, 2019: The Maharashtra government has decided to keep the Ready Reckoner (RR) rates across Maharashtra unchanged, going into 2019-20. Speaking about the move, Niranjan Hiranandani, national president, NAREDCO, said that … READ FULL STORY
Update on March 12, 2019: The government of Maharashtra, on March 1, 2019, announced an amnesty scheme with respect to the penalty that can be levied for insufficient payment of stamp duty made in the … READ FULL STORY
