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  • Explained: Why and how Maharashtra plans to have 50% e-registrations for property deals Aug 09, 2022 11:44 AM IST

    Explained: Why and how Maharashtra plans to have 50% e-registrations for property deals

    In 2021, the state launched software which enables developers to e-register property sales at their own offices. One reason for such a system was to arrest registration revenues from falling. They have been going down since the COVID-19 breakout. The second was to end the crowding at the registrar's offices.

  • States' earnings from stamp duty and registration fees rise 34% in FY22; Maharashtra leads: Report Jun 10, 2022 08:16 PM IST

    States' earnings from stamp duty and registration fees rise 34% in FY22; Maharashtra leads: Report

    According to a domestic brokerage, state earnings from stamp duty and registration fees increased by 34% in FY22 to Rs 17.11 lakh crore, with Maharashtra leading all states.

  • Lessons to learn from MCX's 'Sikkim Traders'  May 24, 2022 09:26 AM IST

    Lessons to learn from MCX's 'Sikkim Traders' 

    Unless we bring down the cost of trading, traders would use loopholes to exploit the situation 

  • LG admin issues formal order for 50% remission in stamp duty for first-time property buyers in J-K Apr 21, 2022 08:27 PM IST

    LG admin issues formal order for 50% remission in stamp duty for first-time property buyers in J-K

    On February 25, the Administrative Council (AC), which had met under the chairmanship of Lieutenant Governor Manoj Sinha, had approved the remission in stamp duty for first-time property buyers.

  • Mumbai property market scales new high with Rs 1,131 crore stamp duty collection Apr 01, 2022 09:02 AM IST

    Mumbai property market scales new high with Rs 1,131 crore stamp duty collection

    According to data from Maharashtra's Inspector General of Registration, over 16,152 residential deals were registered in March, making it the third highest monthly total ever.

  • Property registration in Mumbai jumps 51% MoM in March to over 15,000 units Mar 31, 2022 04:34 PM IST

    Property registration in Mumbai jumps 51% MoM in March to over 15,000 units

    Registrations contribute to over Rs 1,000 crore to the state exchequer; They have picked up pace due to the impending 1% metro cess that shall be levied effective April 1, 2022.

  • Realty sector welcomes Maharashtra govt's Budget proposals focusing on infra development Mar 11, 2022 09:32 PM IST

    Realty sector welcomes Maharashtra govt's Budget proposals focusing on infra development

    The Budget has also proposed an amnesty scheme for buyers by increasing the time period from one year to three years for set-off of stamp duty.

  • 1,593 apartment sale documents registered in Greater Kolkata in February 2022: Knight Frank India Mar 07, 2022 02:13 PM IST

    1,593 apartment sale documents registered in Greater Kolkata in February 2022: Knight Frank India

    Over 29,800 new homes sold in Greater Kolkata until February 2022; Stamp duty sop available till the end of March 2022.

  • Lodha Group to absorb up to 50% stamp duty for homebuyers until March 31 Jan 24, 2022 09:52 PM IST

    Lodha Group to absorb up to 50% stamp duty for homebuyers until March 31

    The remaining stamp duty amount is to be paid by the homebuyer. The prevalent rate of stamp duty in Maharashtra is 5 percent.

  • Budget 2022 must boost insurance penetration and cut tax anomalies Jan 07, 2022 02:01 PM IST

    Budget 2022 must boost insurance penetration and cut tax anomalies

    To further boost insurance penetration, and make it affordable, the government should consider addressing some long-standing tax anomalies on health and term life insurance products in the upcoming Budget

  • Stamp-duty cut drives apartment registrations' 79% YoY growth till Nov 2021, in Greater Kolkata: Knight Frank India Dec 02, 2021 06:27 PM IST

    Stamp-duty cut drives apartment registrations' 79% YoY growth till Nov 2021, in Greater Kolkata: Knight Frank India

    More than half of all apartments registrations in 2021 were done since announcement of duty cut in July 2021; November 2021 saw 62% YoY degrowth 

  • Reduced circle rates of properties in Delhi result in increased stamp duty collections Oct 11, 2021 08:53 PM IST

    Reduced circle rates of properties in Delhi result in increased stamp duty collections

    The government had in February reduced the circle rates for residential, commercial and industrial properties across all eight categories. The rebate was further extended beyond September 30, till year end.

  • 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.

  • Karnataka government slashes stamp duty on housing units priced below ₹45 lakh Sep 21, 2021 05:21 PM IST

    Karnataka government slashes stamp duty on housing units priced below ₹45 lakh

    Real estate experts say the move is ‘restrictive’ and should have covered properties across categories to benefit all homebuyers

  • Property deal registrations in Mumbai down 29% MoM in August Aug 31, 2021 12:40 PM IST

    Property deal registrations in Mumbai down 29% MoM in August

    Stamp duty collection is at around Rs 450 crore in August 2021

  • 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.

  • Karnataka slashes stamp duty rate to 3% for homes valued between Rs 35-45 lakh Jul 23, 2021 11:47 AM IST

    Karnataka slashes stamp duty rate to 3% for homes valued between Rs 35-45 lakh

    Real estate experts have welcomed the Karnataka government's move, but said it's not likely to give a significant boost to housing sales in Bengaluru similar to what was seen in Maharashtra, where the state cut stamp duty for homes across all budget segments and not just one category

  • West Bengal government offers 2% stamp duty rebate; slashes circle rates by 10% Jul 07, 2021 07:10 PM IST

    West Bengal government offers 2% stamp duty rebate; slashes circle rates by 10%

    Real estate developers welcome the move

  • Mumbai unlock: 7,857 housing units registered in June after lockdown restrictions eased Jul 01, 2021 12:28 PM IST

    Mumbai unlock: 7,857 housing units registered in June after lockdown restrictions eased

    Since withdrawal of the stamp duty waiver by the Maharashtra government in March 2021, homes worth Rs 1 crore or below have witnessed traction.

  • Stamp duty collections in Mumbai back to pre-COVID-19 levels; Rs 420 crore collected in June 2021 Jun 30, 2021 07:59 PM IST

    Stamp duty collections in Mumbai back to pre-COVID-19 levels; Rs 420 crore collected in June 2021

    As many as 7,850 properties were registered in June 2021 compared to 5,640 units registered in June 2019, clearly indicating a growth of 39 percent.

  • Credai-MCHI urges Maharashtra government to revert to reduced stamp duty charges to boost sales Jun 01, 2021 03:13 PM IST

    Credai-MCHI urges Maharashtra government to revert to reduced stamp duty charges to boost sales

    It also recommended that stamp duty rate be brought down from 6 percent to 3 percent in other regions of Maharashtra.

  • Lodha Group to absorb up to 2% stamp duty for homebuyers until July 31 May 26, 2021 07:07 PM IST

    Lodha Group to absorb up to 2% stamp duty for homebuyers until July 31

    The remaining stamp duty amount is to be paid by the homebuyer. The prevalent rate of stamp duty in Maharashtra is 5 percent.

  • Over 10,000 Mumbai properties worth Rs 10,275 crore registered in April minus stamp duty waiver May 01, 2021 12:19 PM IST

    Over 10,000 Mumbai properties worth Rs 10,275 crore registered in April minus stamp duty waiver

    While the number of registrations in April declined by almost 43 percent compared to March when a stamp duty waiver of 3 percent was available, it increased by almost 70 percent compared to April 2019

  • 80,718 properties registered in Mumbai during stamp duty cut period; up 114% year on year Apr 28, 2021 02:49 PM IST

    80,718 properties registered in Mumbai during stamp duty cut period; up 114% year on year

    Latest government data indicates drop in property registrations in April 2021 over March 2021 amidst the second COVID-19 wave and no stamp duty reduction.

  • 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

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