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property tax
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Delhi transfer duty hike of 1% to burden property buyers: Expert
The decision taken by the unified Municipal Corporation of Delhi to hike transfer duty by 1 per cent on properties priced above ₹25 lakh across the city will put additional burden on buyers and adversely impact transactions in secondary property market, according to real estate consultants.
Published on Jun 02, 2022 06:51 PM IST
PTI |
In a first, SDMC crosses ₹1,000 crore in property tax collections
SDMC collected over ₹1,075 crore from 460,000 taxpayers this year. In comparison, the civic body managed to collect ₹943 crore in 2020-21 and ₹823.6 crore in the 2019-20 financial year.
Published on Apr 02, 2022 10:33 PM IST
Stamp duty on property registrations increased in Mumbai, three other cities
The Maharashtra government had decided in February 2019 to levy 1 per cent metro cess in the four cities. But its implementation was stayed after a year due to the outbreak of Covid-19 in March 2020.
Updated on Apr 01, 2022 08:55 PM IST
hindustantimes.com, New Delhi
Maharashtra waives off tax on residential units up to 500 sq ft in Mumbai
According to the Maharashtra government, the decision will benefit owners of over 16 lakh houses below 500 sq ft in Mumbai.
Published on Jan 01, 2022 10:21 PM IST
ANI | | Posted by Sharangee Dutta, Hindustan Times, New Delhi
Short of funds, Delhi’s south civic body looks to hike annual property tax
To be sure, property tax rates proposed by successive commissioners have not been cleared by the elected wing (the councillors) in the past 10 years
Updated on Nov 24, 2021 01:57 AM IST
Paras Singh, Hindustan Times, New Delhi
