Aug 09, 2022 11:44 AM ISTIn 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.
Jun 10, 2022 08:16 PM IST 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.
May 24, 2022 09:26 AM IST Unless we bring down the cost of trading, traders would use loopholes to exploit the situation
Apr 21, 2022 08:27 PM IST 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.
Apr 01, 2022 09:02 AM IST 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.
Mar 31, 2022 04:34 PM IST 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.
Mar 11, 2022 09:32 PM IST 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.
Mar 07, 2022 02:13 PM IST Over 29,800 new homes sold in Greater Kolkata until February 2022; Stamp duty sop available till the end of March 2022.
Jan 24, 2022 09:52 PM IST The remaining stamp duty amount is to be paid by the homebuyer. The prevalent rate of stamp duty in Maharashtra is 5 percent.
Jan 07, 2022 02:01 PM IST 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
Dec 02, 2021 06:27 PM IST 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
Oct 11, 2021 08:53 PM IST 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.
Sep 30, 2021 02:26 PM IST As far as stamp duty is concerned, around Rs 515 crore has been the collection until September 29, 2021.
Sep 21, 2021 05:21 PM IST Real estate experts say the move is ‘restrictive’ and should have covered properties across categories to benefit all homebuyers
Aug 31, 2021 12:40 PM IST Stamp duty collection is at around Rs 450 crore in August 2021
Jul 30, 2021 04:42 PM IST 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.
Jul 23, 2021 11:47 AM IST 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
Jul 07, 2021 07:10 PM IST Real estate developers welcome the move
Jul 01, 2021 12:28 PM IST Since withdrawal of the stamp duty waiver by the Maharashtra government in March 2021, homes worth Rs 1 crore or below have witnessed traction.
Jun 30, 2021 07:59 PM IST 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.
Jun 01, 2021 03:13 PM IST It also recommended that stamp duty rate be brought down from 6 percent to 3 percent in other regions of Maharashtra.
May 26, 2021 07:07 PM IST The remaining stamp duty amount is to be paid by the homebuyer. The prevalent rate of stamp duty in Maharashtra is 5 percent.
May 01, 2021 12:19 PM IST 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
Apr 28, 2021 02:49 PM IST 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.
Mar 31, 2021 08:04 PM IST Status quo on Ready Reckoner Rates; 1% stamp duty for women homebuyers to be applicable from April 1, 2021
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