Punjab Cabinet approves hike in stamp duty rates

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,

Dharavi Redevelopment: 80% Pvt Stake & 20% Govt

By Accommodation Times Bureau MUMBAI The Maharashtra state cabinet on October 16 approved a special purpose company ( SPV) model to give special project status to the Dharavi redevelopment project. In this model, along with 80 % of the main partner's share, the government will have active participation in the 20 %

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

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,

Land Rates fixed by Government of Goa

By Accommodation Times Bureau 17/1/Fixation of Land Rates/2012-RD/5004 In exercise of the powers conferred under sub-rule (3) of Rule 4 of the Goa Stamp (Determination of True Markat Value of Property) Rules, 2003, the Government of Goa is pleased to issue statement of minimum Land Rates as follows for the year 2013-14 which shall come into effect from