Stamp duty and registration department
Chief Minister Chandrababu Naidu has given his assent to increase the rate of land registration and stamp duty across 13 districts in Andhra Pradesh. This has been done taking into consideration a prevailing real estate boom in the state and also the need to fetch an additional revenue of Rs. 1500 crore per annum which [...] Continue Reading »
The Punjab government’s ambitious plan to mop up Rs 2,760 crore in the current financial year from stamp duty and registration fee is going to be a difficult task. This is due to the slowdown in the real estate sector. According to real estate experts the buyers are yet to enter the market, however are waiting [...] Continue Reading »
With no visible signs of a meaningful correction in property prices, a growing trend of people preferring to stay on rent in Mumbai. Since December 2010, lease agreements have increased by 20% to touch a new high of 10,191 in June 2011. Sales data from the registration department further speaks for itself. In June 2011, [...] Continue Reading »
