Tag: #Stamp Duty

Waiver on Stamp duty

A waiver on stamp duty will be given while transferring land to development agencies – Maharashtra.

July 18, 2019

By Abhay Shah, Realty Quarter Owners of the land transferring their property to development agencies, including the MMRDA for ‘public good’ will no longer have to pay stamp duty on transfer. The policy shall be applied in the future. On Tuesday the state cabinet adopted the resolution to waive off the stamp duty on these transfers. […]

A waiver on stamp duty will be given while transferring land to development agencies – Maharashtra.more
Home loan approved

Union budget 2019 announces additional tax benefit of Rs 1.5 lakhs on Home loans.

July 10, 2019

By Abhay Shah, Realty Quarter The Finance Minister has proposed a tax benefit of Rs.1.5 lakhs in regard of the home loan made for the purchase of an affordable house up to the value of Rs.45 lakhs subject to certain circumstances in order to give impetus to the ‘Housing for All’ mission by 2022.  For […]

Union budget 2019 announces additional tax benefit of Rs 1.5 lakhs on Home loans.more
Property Registration

Property registration law under the Indian Registration Act.

July 8, 2019

By Abhay Shah, Realty Quarter The law on document registration is provided in the Indian Registration Act. This Act offers for the registering of multiple papers, to guarantee retention of proof, fraud avoidance and title assurance.   Law of Registration Act: According to Section 17 of the Registration Act 1908, all operations involving the sale of […]

Property registration law under the Indian Registration Act.more
Property transfer

Things to know before transferring a property by Gift Deed or a Will.

July 3, 2019

By Abhay Shah, Realty Quarter Property transfer via a GIFT: When you want to pass a property so that the donee instantly enjoys the property, you can do this through a gift. Until you are qualified to contract, you can gift to anyone a self-acquired property in compliance with the Indian Contract Act. Anyone who is sound […]

Things to know before transferring a property by Gift Deed or a Will.more
Agricultural Land

Understanding legal norms while buying Agricultural land in India.

June 25, 2019

By Abhay Shah, Realty Quarter The first phase to construct a house is the purchase of a piece of land. It is therefore essential to verify that the property has a definite, marketable name so that legal problems do not occur. In India, one has to verify that there are no conflicts or legal hazards […]

Understanding legal norms while buying Agricultural land in India.more
CTS number

What does CTS Number of property in Mumbai mean??

June 19, 2019

By Abhay Shah, Realty Quarter What does CTS Number of property in Mumbai mean?? You would have heard of the city survey number or CTS number if you owned a property in Mumbai or are preparing to purchase a land parcel in Mumbai. But what’s crucial about the city survey number and how is the […]

What does CTS Number of property in Mumbai mean??more
BIT Chawls

The state government approves reduction on stamp duty for the BIT Chawls redevelopment.

June 11, 2019

By Abhay Harish Shah, Realty Quarter The state government has drastically slashed construction stamping charges, especially in the island town between Colaba and Byculla, for builders who redevelop municipal tenanted properties. However, the bonanza is not for the free-sale element but for the rehab part of the project. The aim of this sop is to […]

The state government approves reduction on stamp duty for the BIT Chawls redevelopment.more
Navi Mumbai International Airport

Government to waive stamp duty for Navi Mumbai International Airport contracts.

June 7, 2019

By Abhay Harish Shah, Realty Quarter On 4th June Maharashtra cabinet finalized of not charging any single amount as stamp duty for contracts which is related to the construction of the upcoming International Airport near Navi Mumbai. The new airport is being developed by the CIDCO government agency. The job at the airport involves minerals excavation. […]

Government to waive stamp duty for Navi Mumbai International Airport contracts.more
Stamp Duty

Stamp Duty Amnesty Scheme 2019 – Procedure.

April 4, 2019

By Abhay Harish Shah , Realty Quarter The Maharashtra Government has officially announced the amnesty scheme. This scheme is mainly for the homebuyers in the state who have not completed their property registration. Under this scheme, all the flat-owners who haven’t paid stamp duty on their purchase agreements will get an opportunity to settle-down their […]

Stamp Duty Amnesty Scheme 2019 – Procedure.more
Real Estate Ready Reckoner Rates What they mean for home buyers

Real Estate Ready Reckoner Rates: What they mean for home buyers

June 29, 2018

By Nimisha Gupta Ready Reckoner Rates are the prices of the residential property land or commercial property for a given area and is published and regulated accordingly by the state government on yearly basis. There are various factors that contribute the hike in real estate price factors and the major part in deciding these prices […]

Real Estate Ready Reckoner Rates: What they mean for home buyersmore