Stamp Duty-the Unreasonableness of Its Calculation
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.
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 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.
3 Mumbai builders projects put on hold by govt.
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.
More Articles...
- Dilip Kumar and Builder battle it out in court
- World cup bonanza for Delhi cricketers - no property tax ever
- 3 Property frauds each month in Gurgaon
- High end kitchens in India not used fully
- Stamp duty hike rolled back for Mumbai properties less than 300 sq. ft. or less
- Far a mere Rs. 5/- per day, make your house quake proof
- DDA thinks for small owners benefit! Wow.
- High-rise living - is it for you?
- Environment Minister says Delhi Yamuna not to be clean before 2015
- DDA razes 600 slum clusters prior to HC stay in West Delhi


