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  • Will creation of subcategories enable properties in Delhi to be valued at realistic prices? Oct 12, 2021 08:11 PM IST

    Will creation of subcategories enable properties in Delhi to be valued at realistic prices?

    Experts say that while this may reduce corporation tax collections on sale of properties due to the lower rate at which properties would be taxed, the number of transactions may increase bringing in more revenue to the exchequer.

  • 7,500 property deals registered in Mumbai in September 2021; increase almost 11% compared to August 2021 Sep 30, 2021 02:26 PM IST

    7,500 property deals registered in Mumbai in September 2021; increase almost 11% compared to August 2021

    As far as stamp duty is concerned, around Rs 515 crore has been the collection until September 29, 2021.

  • Circle rate waiver of 20% not enough to boost property sales in Delhi; stamp duty cut need of the hour, say experts  Sep 30, 2021 12:29 PM IST

    Circle rate waiver of 20% not enough to boost property sales in Delhi; stamp duty cut need of the hour, say experts 

    After Maharashtra government decided to offer a seven-month stamp duty waiver, 19,600 properties were registered in MMR in December 2020; 10,442 in January 2021 when stamp duty was at the rate of 3% and 17,091 until March 31, 2021. Delhi has not witnessed such a trend

  • Stamp duty collections in Mumbai at Rs 500 crore in July 2021; around 20% increase over June Jul 30, 2021 04:42 PM IST

    Stamp duty collections in Mumbai at Rs 500 crore in July 2021; around 20% increase over June

    Registrations touch over 9,000 housing units compared to 7,851 units in June 2021 which is an increase of 15 percent; The number has risen by almost 20 percent compared to July 2019 when 7,534 units were registered.

  • Nitin Gadkari says MoRTH has formalised registration process of Vintage Motor Vehicles in India Jul 16, 2021 09:51 PM IST

    Nitin Gadkari says MoRTH has formalised registration process of Vintage Motor Vehicles in India

    The minister in a series of tweets said the new rules aim to preserve and promote the heritage of vintage vehicles and will provide hassle-free processing while registering new vehicles and retention of old numbers for already registered vehicles.

  • Property registrations in Mumbai BMC region halve in May from April 2021 Jun 01, 2021 05:34 PM IST

    Property registrations in Mumbai BMC region halve in May from April 2021

    The number of new units sold in May 2021 more than doubled from the previous month despite the 47% MoM fall in registrations, which suggests that the market has started picking up despite the current lockdown restrictions although the numbers are much lower than the pre-pandemic level.

  • Maharashtra government decides not to extend stamp duty waiver on property registrations Mar 31, 2021 08:04 PM IST

    Maharashtra government decides not to extend stamp duty waiver on property registrations

    Status quo on Ready Reckoner Rates; 1% stamp duty for women homebuyers to be applicable from April 1, 2021

  • 12,696 properties registered in Mumbai in March 2021, second highest since September 2020: Knight Frank India Mar 25, 2021 05:42 PM IST

    12,696 properties registered in Mumbai in March 2021, second highest since September 2020: Knight Frank India

    Apartments worth Rs 38,343 crore have been sold till date in 2021; Total expected registrations to be upwards of 17,800 units for March 2021

  • COVID-19 impact: Noida’s stamp duty department likely to incur nearly Rs 300 crore loss this fiscal Mar 17, 2021 02:15 PM IST

    COVID-19 impact: Noida’s stamp duty department likely to incur nearly Rs 300 crore loss this fiscal

    Property registrations have increased by 10-20% recently with several international firms such as Ikea investing in the region, sources said

  • Stamp duty cut in Maharashtra drives property registration of over 10,000 housing units worth Rs 11,000 crore Mar 01, 2021 02:45 PM IST

    Stamp duty cut in Maharashtra drives property registration of over 10,000 housing units worth Rs 11,000 crore

    The department of registration and stamps collected around Rs 352 crore in revenue in February 2021.

  • COVID-19 impact: Noida’s stamp duty department likely to incur loss of around Rs 500 crore this fiscal Feb 15, 2021 12:59 PM IST

    COVID-19 impact: Noida’s stamp duty department likely to incur loss of around Rs 500 crore this fiscal

    While property registrations are gradually inching up, the department is behind meeting its revenue target for this fiscal

  • Mumbai homebuyers make the most of stamp duty cut; sales jump 67% despite COVID-19: Reports Dec 09, 2020 04:51 PM IST

    Mumbai homebuyers make the most of stamp duty cut; sales jump 67% despite COVID-19: Reports

    At 9,301 units registered in November 2020, the residential sector of Mumbai recorded the highest-ever registrations in the month of November over the last nine years.

  • Former municipal commissioner of Mumbai city buys property in Nariman Point for Rs 5.3 crore Nov 24, 2020 01:12 PM IST

    Former municipal commissioner of Mumbai city buys property in Nariman Point for Rs 5.3 crore

    The last few months have seen a slew of high-end properties getting registered in the city following stamp duty cuts announced by the state government. The number of real estate transactions in Mumbai touched 8,000 in October compared to 5,811 in 2019.

  • Stamp duty cut boosts housing sales in Mumbai, touches 86% of pre-COVID levels Oct 09, 2020 03:08 PM IST

    Stamp duty cut boosts housing sales in Mumbai, touches 86% of pre-COVID levels

    Trend likely to continue in the next two months on account of offers and schemes by real estate developers to push sales

  • Maharashtra govt’s decision to reduce stamp duty rates leads to increase in real estate sale registrations Oct 01, 2020 05:28 PM IST

    Maharashtra govt’s decision to reduce stamp duty rates leads to increase in real estate sale registrations

    Sale registrations in the state are at over 90 percent of pre-COVID levels, shows an analysis by Propstack.

  • Mumbai stamp duty collection down for August as homebuyers wait for stamp duty rate cut Sep 04, 2020 10:49 AM IST

    Mumbai stamp duty collection down for August as homebuyers wait for stamp duty rate cut

    Mumbai stamp duty numbers are likely to go up during the festival season after pitru paksha ends

  • Jaypee housing units registration restarts, to be ramped up in 2-3 weeks: IRP Aug 11, 2020 05:54 PM IST

    Jaypee housing units registration restarts, to be ramped up in 2-3 weeks: IRP

    Homebuyers say that they have waited far too long and want their homes to be registered at the earliest

  • 23 state RERA authorities extend registration of projects by 6-9 months Jun 17, 2020 01:26 PM IST

    23 state RERA authorities extend registration of projects by 6-9 months

    Measure taken to safeguard interests of homebuyers, ensure that projects do not get stalled due to disruptions caused by COVID-19 pandemic and flats get delivered albeit with some delay, he said in a series of tweets

  • Only undivided share of property to attract stamp duty, registration charges; Tamil Nadu govt clarifies May 13, 2020 10:27 AM IST

    Only undivided share of property to attract stamp duty, registration charges; Tamil Nadu govt clarifies

    The move comes in the wake of some sub-registrar offices demanding to register the built-up area along with the UDS of land, causing great hardship besides forcing homebuyers to incur huge expenses

  • Reporter's Take | New buyers can now register vehicles online Jul 31, 2019 05:10 PM IST

    Reporter's Take | New buyers can now register vehicles online

    This will help new vehicle buyers save on extra registration costs charged by dealers for this service.

  • UP RERA rejects applications of 36 real estate projects Apr 22, 2019 07:13 PM IST

    UP RERA rejects applications of 36 real estate projects

    Most developers either did not have maps sanctioned by competent authority or the documentation in place. All of them would now have to reapply for RERA registration after completing all formalities.

  • UP govt to lodge FIRs against builders for offering possession without proper registration Mar 16, 2018 08:55 PM IST

    UP govt to lodge FIRs against builders for offering possession without proper registration

    Government has been apprised of the fact that in the Gautam Buddha Nagar locality alone, 16,197 flats have been allocated to buyers without proper registration.

  • How will GST implementation from July 1 impact home buyers? Jun 30, 2017 01:56 PM IST

    How will GST implementation from July 1 impact home buyers?

    Under GST regime, all under-construction properties will be charged at 12 percent. But it excludes stamp duty and registration charges; home buyers may defer purchases till clarity emerges

  • RERA: The final hope of home buyers? May 18, 2017 08:00 AM IST

    RERA: The final hope of home buyers?

    The Indian real estate sector has been largely unregulated except for a few states like Maharashtra, Uttar Pradesh, Andhra Pradesh, Delhi and Karnataka. Any pro-consumer development was solely a result of judicial activism. This &#82

  • Regularisation scheme for illegal plots under process: TN government to HC Apr 21, 2017 02:00 PM IST

    Regularisation scheme for illegal plots under process: TN government to HC

    A draft of a scheme to regularise unapproved housing plots and layouts in Tamil Nadu, has already been prepared and was under circulation, Advocate General R Muthukumaraswamy informed the Madras High Court, on April &#82

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