Property registration
The online property registrations were severely affected due to a server crash at the sub-registrar’s office in Chembur, Mumbai. The areas include Kurla, Powai, Sion, eastern and central suburbs. Officials said that the server was suffering from technical issues from the past week and that there were efforts being put to restore it. The daily [...] Continue Reading »
The state government of Jharkhand is planning to revise property registry fees conducted annually in urban and biennially in rural areas. There has been a huge discrepancy in the charges until the last revision of registry rates and there used to be a hike of just 5 per cent in upmarket areas whereas it went [...] Continue Reading »
The Haryana Government is planning to increase the property registration rates for the financial year 2012-13. The expected hike in the property registration rate may be around 15%. The rate of registration cost for the properties in Gurgaon has witnessed several hikes in last one year. 20-33% hike in registration cost was announced by the [...] Continue Reading »
The government has planned to implement the TDS scheme for all transactions in real estate sector. In the new property transaction scheme, any person selling a property in excess of Rs 25 lakh had to seek the prior permission of the Government. The new concept of deducting tax at source will be effective from October [...] Continue Reading »
The Inspector General of Registration (IGR) and Controller of Stamps office in Pune has collected Rs 14,500 crore revenue during 2011-12. According to an official of IGR, the revenue collection has increased because of the hike in ready reckoner rates. It is an indication of registration of high-value properties in Pune. Though the amount of [...] Continue Reading »
There is an increase in the number of illegal buildings and apartments in Bangalore city. According to the recent studies, there are more than thousands of apartments which are illegal and no legal action has been taken against them. The unauthorized layouts are increasing in the city, therefore BDA wrote to strict while approving no-objection [...] Continue Reading »
The Haryana Government is planning to increase the property registration rates for the financial year 2012-13. The expected hike in the property registration rate may be around 15%. The rate of registration cost for the properties in Gurgaon has witnessed several hikes in last one year. 20-33% hike in registration cost was announced on March [...] Continue Reading »
According to the property registration departments, Noida, Greater Noida and Yamuna Expressway are the most attractive places for the home buyers. In the financial year 2011-12 the department of stamps and registration of the district has collected over Rs 1,700 crore from property registration. Greater Noida has witnessed the maximum number of property registered followed [...] Continue Reading »
One need not stand in a long queue to register their property in Hyderabad! The property buyers who are in a pace of registering their property can now do it at the sub-registrar’s office. Finally, property registration has come online likewise booking for passport. The simplified process of registration of property will begin from May [...] Continue Reading »
The real estate prices continues to be sky rocketing! Maximum of the population prefer renting an apartment rather than purchasing one. According to a recent realty research by Kotak the sale of residential and commercial properties have shown sharp decline. In Mumbai, property registration fell down by 11 percent revealed by a Prabhudas Lilladher report. [...] Continue Reading »
