Revenue department
Times are a changin’ if home prices become cheaper because of a proposal made by the revenue department that is still under consideration. The proposal demands that builders pay tax on their unsold inventory as this comes under stock-in-trade policy that is subject to taxation under ‘income from house property’, regardless if they are not [...] Continue Reading »
The Department of Survey Settlement and Land Records is in the process of collecting documents related to them after measuring the properties in these centres. The Revenue Department is creating property ownership records for properties located in various urban centres in Karnataka under the UPOR project. It will have details such as shape and the [...] Continue Reading »
In the past year or so have you registered a site or building on revenue land in Bangalore outskirts? Just ensure the documents are authentic. In a land-registration racket that has come to light, fraudulent transactions to register properties have been going in many gram panchayats on Bangalore’s periphery using fake assessment register extract (Form [...] Continue Reading »
The government earned Rs 3,000 crore in the last financial year, while the expectations for revenue were around Rs. 3,800 crore. Faridabad, Sonepat, Ghaziabad, Gurgaon and Noida are offering much economical properties when compared to Delhi. The satellite towns have become popular for middle class buyers looking for buying properties in the NCR. The market [...] Continue Reading »
For the inordinate land acquisition delays of Kochi Metro, who’s to blame? As the agencies involved in the procedure such as the revenue department and the Delhi Metro Rail Corporation (DMRC) are blaming each other for the cause, the latter has already gone on record about the project going well beyond the December 2016 deadline. [...] Continue Reading »
The Delhi government is set to hike circle rates by the end of this month, in an attempt to rationalise property rates in the Capital. Circle rates were likely to go up by 20 per cent to 60 per cent after the revision, as per the information received from the officers of Revenue department. Revenue [...] Continue Reading »
A hike of around 20% to 50% is proposed in the circle rates for property registration in Delhi. The black component in transactions may reduce to nil as circle rate and market rate may become equal in areas like unauthorized regularized colonies and new settlements in Narela and Bawana. The Lieutenant-governor Najeeb Jung is not [...] Continue Reading »
The Kochi Metro Rail Ltd (KMRL) denied the possibility of acquiring more land for construction of Operation Control Centre (OCC) at Muttom. The Metro agency mentioned that the facility would come in focus at the site identified for Kochi Metro’s coach maintenance yard at Muttom. KMRL spokesperson says that the design of the maintenance yard has [...] Continue Reading »
A 20-30 per cent hike in circle rates across various categories of properties may be witnessed by the capital over the next fortnight. The hike may be steeper for the upscale colonies in categories like A and B. This effort is been taken to rationalize registration in view of market rates , to tame the black [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) has recently spent public funds to fill up a pond which is supposed to be a heritage property. BMC has invested Rs 5.25 crore to fill a 100 year old pond located at Kandivali West with debris. The pond belongs to the collector and not the civic body, still BMC [...] Continue Reading »
