By Arvind Nandan, Executive Director, Cushman & Wakefield, India
The recent Maharashtra Budget has levied a flat stamp duty of 5% on all purchases in areas within municipal corporation boundaries across the state. Though this would lead to a further increase in the cost of purchasing a property, the overall impact of this alone will not be very significant. For example, for a property worth Rs 50 lakh, situated within municipal corporation limits of Mumbai, the overall cost will increase by only 0.34% for the buyer
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
