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  • Surcharge and RR hike in Mumbai will burden buyers and sellers May 05, 2017 08:00 AM IST

    Surcharge and RR hike in Mumbai will burden buyers and sellers

    Recently the Brihanmumbai Municipal Corporation (BMC) in its budget, had proposed a surcharge of one percent on the sale and purchase of properties, to fund its infrastructure projects. In yet another move, the Maharashtra &#82

  • Mumbai legislators oppose hike in Ready Reckoner rates Jan 10, 2017 05:00 PM IST

    Mumbai legislators oppose hike in Ready Reckoner rates

    Legislators from Mumbai‘s suburban districts, on January 9, 2017, opposed any hike in the Ready Reckoner rates, during a meeting called by Collector DS Kushwa. Only three legislators – former minister Mohammed Arif Naseem &#82

  • Stamp duty is compulsory during property registration Jan 03, 2017 08:00 AM IST

    Stamp duty is compulsory during property registration

    Stamp duty is a compulsory obligation payable on the document which encapsulates the transfer of immovable property, such as real estate. Home buyers are required to pay this when registering the agreement for sale. &#82

  • Demonetisation effect: Maharashtra stamp duty collection drops 37% Nov 21, 2016 03:00 PM IST

    Demonetisation effect: Maharashtra stamp duty collection drops 37%

    The union government’s recent decision to demonetise Rs 500 and Rs 1,000 notes, has hit stamp duty collection in Maharashtra, which is already down by 37% across the state, the Inspector General of Registration &#82

  • Why stamp duty rates are important for income tax purposes… Jul 08, 2016 02:51 PM IST

    Why stamp duty rates are important for income tax purposes…

    When you enter into an agreement to buy a property, you have to pay a certain amount to the government, which is known as stamp duty. The amount of stamp duty is generally based &#82

  • Life now returning to Mumbai's comatose realty market: JLL Dec 01, 2015 05:55 PM IST

    Life now returning to Mumbai's comatose realty market: JLL

    However, apartment prices in the city are unlikely to go down, due to over-supply and drop in new launches in first six months of 2015 as compared to the corresponding period in 2014.

  • Increased ready reckoner rate to impact housing demand: JLL Jan 03, 2013 03:48 PM IST

    Increased ready reckoner rate to impact housing demand: JLL

    Maharashtra government's decision to increase the ready reckoner (RR) rates in the city will impact the housing demand as it will raise stamp duty, according to real estate consultancy firm Jone Lang LaSalle (JLL).

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