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

Govt should look at bringing single licence fee for realty agents across country

By Accommodation Times Bureau In India, the secondary real estate purchase is preferred over purchase from the primary market because it is cost and time effective and, most importantly, there are no delays in Possession, reports said. According to FICCI-Grant Thornton-Escrowffrr Knowledge Report, “In 2018, it has started showing signs of recovery

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

Effects of GST on the Real Estate

By Accommodation Times Bureau With the recent issue of the GST, one should first get to know what it really is. GST stands for ‘Goods And Services Tax’. It can be simply defined as the tax levied on every supply of goods and services. The passing of this bill will be

Dept of Registration and Stamp to go completely cashless

By Accommodation Times Bureau PUNE The registration and stamp department in Pune will go totally cashless for documents handling charges. The new facility of e-payment was announced on Saturday by State Revenue Minister Chandrakant Patil. Inspector-general of registration, Anil Kawade said that the electronic payment facility will be initiated for Pune district and then replicated in the