property transaction
Yet another story of lack of political consensus coming in way of urban reform surfaces in Punjab when BJP opposes the imposition of property tax in Punjab as drafted by its political ally SAD. Punjab is aiming to generate more revenue to help out the fund starved finance department. As a consequence of BJP’s opposition, [...] Continue Reading »
As the state government of Maharashtra has proposed a hike in the stamp duty of the property transaction, the buyers of the residential and non-residential properties in Mumbai will have to pay a five per cent stamp duty on the market value of the property. Earlier, the stamp duty in Mumbai was charged at Rs [...] Continue Reading »
The state government of Karnataka has approved the implementation of the Urban Property Ownership Record (UPOR) program in Bangalore. With this initiation, the government is expecting to control the fraudulent activities related to property transactions. According to the records, there are 16 lakh assessed properties, while the officials are expecting another 4 to 5 lakh [...] Continue Reading »
