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

Affordable housing to be exempted from stamp duty

By Accommodation Times Bureau     The Union Minister, Venkaiah Naidu’s ministry wrote to the government to exempt affordable housing from stamp duty. The government is the facilitator for fixation of the rates and collecting duty. Hence, a request was forwarded for exemption from stamp duty. Affordable housing is exempted from the service tax

Stamp duty charges on gifting of property.

By Accommodation Times Bureau   An amendment of Maharashtra stamp act, is regarding the stamp duty charges on gifting of property to legal heirs is Rs. 200. Under different sections the charges allotted on the stamp duty varies. As per Article 34 column 1, if the property is gifted to any person or in