By Deep J – The Realtybuff Recently the J&K government made an unprecedented and historic move in their state, a complete stamp duty waiver for women in the state. Such a move has many social benefits from the perspective of women empowerment and safety for them in times of unforeseen events.
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
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
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
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
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
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
By Vimal Punmiya, FCA, LLB Besides the current recession in the market, one of the prime reasons that have instigated the market for housing and realty sector to face a further downfall, is the modus operandi for calculating Stamp Duty Valuation, which has not been modified as per the prevailing market