By Accommodation Times Bureau CHANDIGARH In a move to mobilise additional resources for the state, the Punjab Cabinet on Wednesday approved an ordinance to amend Schedule 1-A of Indian Stamp Act, 1899, to enable an increase in the stamp duty rates. Stamp duty rates for 17 items stand to double following the amendment,
: Stamp Duty
Landowners giving up land for bullet train to get stamp duty waiver on buying property
By Accommodation Times News Service MUMBAI Now people can get stamp duty of any property they buy as to compensate, only applicable on people who have given their land for bullet train project which needs to do it within three years of handing over the land, a source said. National High-Speed Rail Corporation
Exemption Of Stamp Duty For Blood Relations Saved Rs 5000 Crore On 1.5 Lakh Property Transfers
By Accommodation Times Bureau CHANDIGARH Stamp duty exemption on transfer of property among blood relations has come as a boon with the residents saving almost Rs 5,000 crore on 1.5 lakh property transfer cases during the 2017-18 financial year. The Revenue Minister Sukhbinder Singh Sarkaria on Tuesday said that transfer of property in
Another woe for property buyers in Mumbai, State plans to hike Stamp Duty
By Manoj Asrani, First Executive and Founder, BrickAsset Pvt Ltd (Guest Article) The Indian Real Estate sector has become one of the fastest growing markets in the world. However, the sector is battling some extreme challenges that act as roadblocks and restrict the sector from yielding full benefits of the potential growth.
Mumbai Municipal Corporation (Second Amendment) Bill, increases Stamp Duty by 1%
By Rohit Sharma MUMBAI The Maharashtra government introduced Mumbai Municipal Corporation (Second Amendment) Bill, 2018 in the Maharashtra Legislative Assembly on July 19 under the authority of the Governor, the bill which seeks to increase Stamp Duty by one per cent. The bill is expected to be tabled during the winter session of
Man misuses Stamp Duty Rebate in name of women
By Accommodation Times Bureau CHANDIGARH The Revenue Department of Punjab has amended a rule to curb the misuse of stamp duty rebate extended to women on property registration. As per the amended rule, now if the property acquired by a woman is transferred in the name of a male relative within a year,
The Case Stamp Duty Waiver for WOMEN in Maharashtra
State govt reduces stamp duty rates to Rs 1,000 for beneficiaries of PMAY
By Accommodation Times Bureau NEW DELHI Giving a major respite to property buyers from the weaker section, the state government has reduced the stamp duty rates to Rs 1000 for beneficiaries of Pradhan Mantri Awas Yojana (PMAY). While the real estate market is still recovering from the hit, potential buyers have now
Haryana collects over Rs 4265 Cr as stamp duty
By Accommodation Times Bureau CHANDIGARH Haryana Government has collected revenue of over Rs 4265.18 crore as stamp duty and registration fee during the period from April 1, 2017, to March 31, 2018, as against the collection of Rs 3260 crore in 2016-17, thus registering an increase of over Rs 1005 crore. While giving this information
Stamp duty collections,Maharashtra falls short of target
By Accommodation Times Bureau Perhaps, the impact of demonetization showing its effects in Maharashtra, as the collection of stamp duty and registration fees for 2016-17 fell short by Rs 2,536 crore. While the budget estimates and land revenue collections fell short by Rs 1,401 crore. Indicating that Revenue generation from state excise duties also fell short