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value of property

Governmental valuation is 10-45 percent less than actual market price

Governmental valuation is 10-45 percent less than actual market price
The guideline value of the properties in Chennai are 10 to 45 percent less than the actual market price. After five years the Chennai government has revised the Guidelines values last year. This value is used by the government to access the value of the property for collecting the service tax. Growing demand for housing [...] Continue Reading »

Stamp duty will not be paid by Housing Loan

Stamp duty will not be paid by Housing Loan
Through a notification, Reserve Bank of India asked all the commercial banks in India to exclude the stamp duty and registration charges from the evaluation of the value of any property. So from now onwards the stamp duty amount needs to be paid by the buyers. Banks will not add the amount in the home [...] Continue Reading »



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