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

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

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

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

No Stamp Duty on new flats acquired after redevelopment

By Accommodation Times Bureau According to circular No.K.5/Stamp-17/Pra.Kr.10/13/303/17 dated 30th March 2017, Department of Stamps, Inspector General of Registration & Controller of Stamps (Maharashtra State), there shall be no Stamp Duty payable on the areas previously held by the members of the society or areas of rehab in new construction. The circular says: It has