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
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 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
The Maharashtra government has proposed changes in calculating penalties, to regularise illegal residential buildings in the state, in a move that is likely to provide some relief to occupants of such structures. The modifications … READ FULL STORY
The Maharashtra government has issued a Government Resolution (GR), streamlining the rules for the sale or transfer by other means, of flats in cooperative housing societies built on government-allotted lands. As per the GR … 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
While policy changes like demonetisation, the Real Estate (Regulation and Development) Act (RERA) and the Goods and Services Tax (GST) may have caused a temporary slowdown in the real estate market, the long-term impact … 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
Over the last one year, property rates have witnessed dramatic fluctuations, due to reasons like the demonetisation drive and the introduction of laws like the Real Estate (Regulation and Development) Act (RERA), the Goods … 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
The Brihanmumbai Municipal Corporation (BMC) has proposed a surcharge of one per cent on the buying and selling of properties in Mumbai, to fund infrastructure projects. This would be enforced by the state government, … READ FULL STORY
