Launched in June 2017, the National Generic Document Registration System (NGDRS) by the Punjab government, in collaboration with the central government, allows property buyers to partially complete the registration process online. This user-friendly system … READ FULL STORY
When purchasing a property, especially a new one, many buyers focus primarily on the purchase price and the mortgage. However, there are several other costs that come into play before you actually take possession … READ FULL STORY
The Annual Schedule of Rates (ASR) might seem like a bureaucratic formality, but it plays a surprising role in the property market. Set by the government, the ASR acts as the minimum value assigned … READ FULL STORY
Home buyers and investors were eagerly waiting for the Budget 2024 announcement. Tax relief and the availability of homes at affordable rates were the two main demands of the buyers. On the other hand, … READ FULL STORY
Stamp duty is that amount you have to pay to the sub-registrar’s office to get a property registered under you name. Stamp duty is applicable on sale deed and other deeds that effectuate changes … READ FULL STORY
Among the many additional costs that a buyer has to pay on property purchase in India, is stamp duty. This is the amount that a property buyer has to pay, in order to register … READ FULL STORY
Stamp duty is one of the most important sources of revenue for the government. The tax charged typically fixed at a percentage of the total transaction value. The stamp and transfer duty is payable … READ FULL STORY
Purchase of any property worth Rs 100 require mandatory registration under the Registration Act of 1905. States are then empowered to impose taxes in the form of stamp duty and registration fee on such … READ FULL STORY
Barring agricultural land, one is free to purchase properties in the municipal areas of J&K, even if one is not a domicile of that state. The move follows the withdrawal of J&K’s special status … READ FULL STORY
If you are considering purchasing property in Kolkata, it is essential to understand the registration process under the Registration Act. Stamp duty payment and registration charges are crucial components of this procedure. Property buyers … READ FULL STORY
October 13, 2022: In a move that would make purchases costlier for mid-segment home buyers in Goa, the Union Territory government has increased the stamp duty for properties worth over Rs 50 lakh and … READ FULL STORY
Registration of sale deed is mandatory under the Indian Registration Act, 1908. Only a registered sale deed acts as a legal proof of a buyer’s ownership over a property/land. As is true of home … READ FULL STORY
Stamp duty is the charge that buyers in India have to pay at the time of property registration. A state levy, stamp duty rates are different from state to state. Along with the stamp … READ FULL STORY
