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Delhi transfer duty hike of 1% to burden property buyers: Expert
Published on Jun 02, 2022 06:51 PM IST
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.

In a first, SDMC crosses ₹1,000 crore in property tax collections
Published on Apr 02, 2022 10:33 PM IST
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.

Stamp duty on property registrations increased in Mumbai, three other cities
Updated on Apr 01, 2022 08:55 PM IST
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.

Maharashtra waives off tax on residential units up to 500 sq ft in Mumbai
Published on Jan 01, 2022 10:21 PM IST
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
Updated on Nov 24, 2021 01:57 AM IST
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
