For property buyers in Delhi, it is important to know that stamp duty and property registration charges are revised periodically, while the amount contribute as the state government’s largest revenue sources. Stamp duty and … READ FULL STORY
Sub registrar guidance value in Bangalore 2022 For the second consecutive time, Karnataka government has reduced the property sub registrar guidance value in Bangalore by 10% for three months- from April 25, 2022 to … READ FULL STORY
State governments in India fix a rate, below which properties cannot be registered in a particular location at the time of title transfer. This rate is known by various names, including guideline value, circle … READ FULL STORY
Under the tax laws in the country, stamp duty and registration charges are an additional cost that all home buyers in India have to bear, in order to become the legal owners of properties. … READ FULL STORY
The concept of fair market value is very important under the income tax laws. The buyer, as well as the seller of a property will be impacted, if the sale/purchase consideration as stated in … READ FULL STORY
Rates of property in Gurgaon are set to increase with the proposed circle rate Gurgaon hike by the district administration coming into effect from January 10, 2022. Officials say the Gurgaon circle rate hike … 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
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
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
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