Stamp Duty-the Unreasonableness of Its Calculation

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Today I write about a pet peeve of mine. It's concerning stamp duty and the method used to calculate it. 

Briefly stamp duty charges vary from 5 to 12%, depending upon which Indian state you are in.

I am not even going to discuss the dismal quality of civic services that the government provides even after charging this high rate of stamp duty.

Read more: Stamp Duty-the Unreasonableness of Its Calculation

Apartments that sell in Delhi NCR - Rs. 25 to 50 lakhs ticket price

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Noida under construction

An year and half later of much media hype, we are yet to witness a fall in the real estate market of Delhi NCR.

The economy is slowing, banks are not advancing money to builders, RBIs hike in interest rates to keep inflation down, various state elections - especially that of Uttar Pradesh, variety of court rulings, farmers agitation, land acquisition turmoil and as a consequence - possibility of a new land acquisition draft policy - all of these and perhaps few other micro-reasons were the reasons tom-tomed for a certain downswing in the real estate prices.

Read more: Apartments that sell in Delhi NCR - Rs. 25 to 50 lakhs ticket price

Does your apartment deed favour you?

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Alteration clause can create problems for you in the absence of any regulation or uniform practice, especially when the project is nearing completion.

Read more: Does your apartment deed favour you?

3 Mumbai builders projects put on hold by govt.

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The home Department in Mumbai has taken a stern view against three builders of Mumbai after many grievances of the home buyers were brought to its attention.

The three builders are Neelkanth Mansions Pvt Ltd, Neelkanth Realtors Pvt Ltd and Gamon Housing And Estate Developers.
Indicative of the seriousness by which the Home Minister R. R. Patil has taken the issue can be seen from his statement declaring that his ministry shall recommend to the BMC and the urban development department not to give any fresh permissions to their existing projects and as well as to their future projects.

Read more: 3 Mumbai builders projects put on hold by govt.

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Written on 18/05/2012, 05:59 by anilgoswami
stamp-duty-the-unreasonableness-of-its-calculationToday I write about a pet peeve of mine. It's concerning stamp duty and the method used to calculate it.  Briefly stamp duty charges vary from 5 to 12%,...
Written on 10/05/2012, 07:21 by anilgoswami
apartments-that-sell-in-delhi-ncr-rs-25-to-50-lakhs-ticket-price An year and half later of much media hype, we are yet to witness a fall in the real estate market of Delhi NCR. The economy is slowing, banks are not...
Written on 19/08/2011, 04:46 by anilgoswami
does-your-apartment-deed-favour-youAlteration clause can create problems for you in the absence of any regulation or uniform practice, especially when the project is nearing...
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3-mumbai-builders-projects-put-on-hold-by-govtThe home Department in Mumbai has taken a stern view against three builders of Mumbai after many grievances of the home buyers were brought to its...
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