Archive | Stamp Duty RSS feed for this section
Andhra Pradesh State Govt Increases Property Registration Charges
In a move to offset losses due to reduction in stamp duty charges to a uniform 5 per cent across the State, the Andhra Pradesh Government has effected upward revision of the registration charges and market prices for properties from August 1. The State Government had recently announced its decision to slash the stamp duty rates [...]
Continue reading...DM Circle rate may be hike in UP from July 1
11. June 2010
Property buying expensive in up Utter Pradesh Stamp and Registration Minister Nand Gopal Gupta Nandi has directed the authorities by July 30 through DM new circle rates should be fixed. The new circle rates will be implemented next month. DM circle rates are revised every two years since. It’s an area of land and property market [...]
Continue reading...Property Registry in NCR will be in private hands
8. June 2010
गाजियाबाद उत्तर प्रदेश में स्टांप एवं निबंधन के अंतर्गत रजिस्ट्री का कार्य भी निजी हाथों में सौंपा जायेगा। गाजियाबाद, नोएडा, ग्रेटर नोएडा और मेरठ समेत प्रदेश के सभी इलाकों में जमीन की खरीद-बिक्री की लिखा-पढ़त का काम प्राइवेट कंपनी को करना होगा। इसके लिये विभाग ने तैयारी शुरू कर दी है। दिल्ली स्थित यूपी सदन [...]
Continue reading...Property Registration in Delhi soon cost more
18. May 2010
Buying property in Delhi will soon cost more. The Delhi cabinet on Monday approved the revision of registration fee, increasing the sum from the current Rs 100 to one per cent of the sale amount (or the circle rate of the area concerned). It has, however, set a Rs 50,000 cap on the fee. So, if you [...]
Continue reading...Forget stamp papers, e-stamping is here
3. May 2010
Instead of waiting in queues and managing a stash of stamp papers, you can pay stamp duty from your bank account The day Anurag Singh sealed the deal on his first house in New Delhi, his excitement bubbled over. He could hardly wait to start living in the house he could now call his own. Little [...]
Continue reading...Stamp papers for property to go in UP
10. April 2010
In a major decision of farreaching consequences, the UP government has decided to do away with the stamp papers presently required for the sale agreement/sale deed and registration of properties. A blueprint on card for replacing this antiquated method is the introduction of franking machine and e-stamping. The new system is expected to be [...]
Continue reading...100 years on, government reworks property registration rules
20. March 2010
Registering a property could soon be painless affair with the government planning to replace the century-old Indian Stamp Act, 1899 with a simpler law that will do away with a large number of antiquated provisions and fees. The finance ministry has already kicked off a preliminary exercise for drafting the new law and is hopeful of [...]
Continue reading...Circle Rate may be Increased in 12 District of utter pradesh from March 1
22. February 2010
गौतमबुद्धनगर समेत एक दर्जन जिलों में मार्च से जमीन खरीदना और महंगा हो जायेगा। कारण स्पष्ट है कि इन जिलों में जमीनों के सर्किल दरों में वृद्धि की जा रही है। इससे पूर्व अक्टूबर में सर्किल दरें 25 से 30 प्रतिशत बढ़ाई गयी थी। अब संभावना व्यक्त की जा रही है कि 15 से 20 [...]
Continue reading...Mumbai property registration charge to rise 1%
17. November 2009
Revenue department has approved a proposal to levy a flat one per cent charge on property registrations with immediate effect, doing away with the Rs 30,000 ceiling. Revenue Minister Narayan Rane lifted a stay on an earlier order of the government. The decision on the one per cent property registration fee was taken by then Revenue [...]
Continue reading...stamp duty made easy
29. August 2009
In a move to bring relief to property buyers and make transactions hassle-free,Haryana government has introduced a people-friendly scheme for depositing stamp duty at State Bank of India counters by substituting stamp papers. State revenue secretary Urvashi Gulati says that under the new scheme, an executant will have to deposit the amount of stamp duty at [...]
Continue reading...Property owners to get title deeds
24. August 2009
Move To Curb Fraud & Help Land Transfer In a move to promote efficient land markets and enhance the capitalisation potential of property, the urban development ministry has urged state governments and local bodies to speed up the property title certification system (PTCS) to grant conclusive title guarantee as part of the reforms agenda [...]
Continue reading...Ordinance Reduces Stamp Duty, But Registration Cumbersome
5. June 2009
Bangalore: The anomaly has finally been set right. Buyers of new apartments who are eager to do the maiden registration will pay 6% stamp duty. GPA holders executing a transaction will also pay less — 6% instead of the earlier 7.5%. On Thursday, an ordinance was issued by the department of parliamentary affairs bringing down the stamp [...]
Continue reading...Stamp duty and purchase of property
27. March 2009
Stamp duty is a legal tax payable in full and acts as an evidence for any sale or purchase of a property . The levy of stamp duty is a State subject and thus the rates of stamp duty vary from state to state. The Centre levies stamp duty on specified instruments and also [...]
Continue reading...Property consultants want Ambala land freehold
7. February 2009
AMBALA PROPERTY Consultant Association (APCA) has demanded to make Ambala Sadar land freehold. Talking to mediapersons after the general meeting today, APCA secretary general R.N. Samrat said residents are facing great difficulties due to legal encumbrances of the land, which was taken out of the Cantt area jurisdiction in 1977.Demanding scrapping of NoC, he [...]
Continue reading...Know your SAS
2. February 2009
More properties to target more tax “We cannot say the system is 100% foolproof but this time, we are on the right track and better prepared,” according to BBMP commissioner S Subramanya. No increase in rates and standing to lose depreciation on most properties for nine years, the Palike’s only hope of increased revenue is getting [...]
Continue reading...
- OCUS Group Announces the Launch of its Second Commercial Project in Gurgaon
- Builders have no right to sell stilt parking: Supreme Court
- FAR raised, Noida set to grow taller, greener
- Now you can make 3-storey house in Noida
- HDFC raises home loan rates by 50 bps
- MP builder cites staff crunch for project delay
- GURGAON TO CP BY METRO RAIL FROM SEPTEMBER 3
- Consumer Affairs Ministry Gives Green Signal to 49% FDI in Multi-Brand Retail
- Maharashtra Govt Prohibits Use of Petrol Pump Land for Real Estate Purpose in Mumbai
- 6 Chennai Projects Get Top Ratings from CRISIL
6. August 2010
0 Comments