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stamp duty

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Housing prices fall 2-7% in July-September in 6 top cities

Prices, however, increased in Bengaluru and Hyderabad by 3 per cent and 4 per cent, respectively, during July-September 2020 compared with the year-ago period.
Chennai saw the maximum fall of 7 per cent, followed by Delhi-NCR and Pune at 5 per cent.(Amal KS/HT PHOTO)
Chennai saw the maximum fall of 7 per cent, followed by Delhi-NCR and Pune at 5 per cent.(Amal KS/HT PHOTO)
Published on Oct 08, 2020 03:25 PM IST
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New Delhi | By Press Trust of India| Posted by Susmita Pakrasi

Pune builders welcome Maha govt’s move to slash stamp duty

Confederation of Real Estate Developers’ Association of India’s (CREDAI) Pune chapter president Suhas Merchant said that the builders’ body has welcomed the state government’s decision.
A view of under construction building seen at Kharadi in Pune, India, on Sunday.(HT FILE PHOTO)
A view of under construction building seen at Kharadi in Pune, India, on Sunday.(HT FILE PHOTO)
Updated on Aug 27, 2020 06:11 PM IST
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Hindustan Times, Pune | By HT Correspondent, Pune

Land pooling policy amendment to speed up acquisition process in Mohali

The move comes as GMADA gears up to acquire 1,680 acres of land in the first phase of developing Aerotropolis estate; expected to facilitate development of industrial estate in sectors 101 and 103
To make the land pooling policy more attractive, the Punjab cabinet earlier approved amendments in rules related to the residential sector, extending it to the industrial sector under the jurisdiction of the Greater Mohali Area Development Authority.(Getty Images)
To make the land pooling policy more attractive, the Punjab cabinet earlier approved amendments in rules related to the residential sector, extending it to the industrial sector under the jurisdiction of the Greater Mohali Area Development Authority.(Getty Images)
Published on Aug 16, 2020 10:50 PM IST
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Hindustan Times, Mohali | By HT Correspondent, Mohali

Punjab cabinet gives nod to new land pooling policy for industrial sector

According to the LPP introduced for the industrial sector development for the first time, for every one acre of land, land owners will get 1,100 Sq yard of industrial plot and 200 sq yards of developed commercial plot, excluding parking, in lieu of cash compensation
HT Image
HT Image
Updated on Jul 22, 2020 11:32 PM IST
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Hindustan Times, Chandigarh | By HT Correspondent

Stamp duty on mutual funds from 1 July: What you need to know

The government again on March 30 decided to shift its implementation to July 1 due to coronavirus pandemic induced lockdown across the country.
The changes come after amendments in the Indian Stamp Act, 1899, to bring about uniformity of the stamp duty on securities across the country will come into effect from Wednesday.(Getty Images/iStockphoto)
The changes come after amendments in the Indian Stamp Act, 1899, to bring about uniformity of the stamp duty on securities across the country will come into effect from Wednesday.(Getty Images/iStockphoto)
Published on Jul 01, 2020 02:30 PM IST
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Hindustan Times, New Delhi | By hindustantimes.com | Edited by Meenakshi Ray

‘No extension of fiscal year’: Finance Ministry after rumours abound

Officials said a gazette notification issued late on Monday evening pertained to date of applicability of stamp duty which has been changed from April 1 to July 1.
Industry has been demanding extension of fiscal year by three months in view of the economic impact caused by outbreak of Covid1-19.
Industry has been demanding extension of fiscal year by three months in view of the economic impact caused by outbreak of Covid1-19.
Updated on Mar 30, 2020 11:20 PM IST
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New Delhi | By Press Trust of India

HP promoting small businesses through CM’s startup scheme: Govt

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HT Image
Published on Feb 16, 2020 10:02 PM IST
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Hindustan Times, Shimla | By HT Correspondent, Shimla

Chandigarh co-op housing: Jan 31 new deadline for registration of conveyance deed

After deadline, transfer of ownership will cost applicants more than administrative rates
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HT Image
Updated on Jan 02, 2020 12:44 AM IST
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Hindustan Times, Chandigarh | By Munieshwer A Sagar, Chandigarh

Greater Mohali authority begins process to acquire land for Aerotropolis township

The project is an extension of Aerocity and will comprise both residential and commercial spaces
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HT Image
Published on Sep 16, 2019 12:38 AM IST
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By Hillary Victor, Mohali

Circle rate lowered in Gurugram Sector 37C

Circle rates are revised twice a year by a committee, headed by the Deputy Commissioner, comprising revenue department officials.
Barring one sector in the district, the circle rates remain the same for the city, officials said. Revenue officials said that only Sector 37C will have a new circle rate, which is going to be lowered. (Photo by Sunil Ghosh / Hindustan Times)
Barring one sector in the district, the circle rates remain the same for the city, officials said. Revenue officials said that only Sector 37C will have a new circle rate, which is going to be lowered. (Photo by Sunil Ghosh / Hindustan Times)
Updated on Aug 08, 2019 12:52 AM IST
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Gurugram | By Abhishek Behl

Pay for registries on prevailing rates, Ghaziabad decides no hike in circle rates

The first sale of property is based on sector rates, which is decided by the local development authorities. The subsequent sale of property is decided on the basis of circle rates, which are decided every year by the district magistrate.
The Ghaziabad administration has decided to scrap rates of green belts and lower parking charges in some areas.(HT Photo)
The Ghaziabad administration has decided to scrap rates of green belts and lower parking charges in some areas.(HT Photo)
Updated on Aug 08, 2019 12:34 PM IST
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Ghaziabad | By Peeyush Khandelwal

Noida administration holds meeting to review feedback on circle rate

Last week, the administration had proposed to waive off surcharges on three additional facilities – community centre/club, swimming pool and gym – in stamp duty.
Noida district administration on Saturday held a meeting to review feedbacks received for the purpose of circle rate revision. (Photo by Sunil Ghosh / Hindustan Times)
Noida district administration on Saturday held a meeting to review feedbacks received for the purpose of circle rate revision. (Photo by Sunil Ghosh / Hindustan Times)
Updated on Aug 03, 2019 10:32 PM IST
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Noida | By HT Correspondent

Arvind Kejriwal okays regularisation of unauthorised colonies in Delhi. Over to Centre now

The Delhi government sent a list of 12 suggestions to the Centre on regularisation of unauthorised colonies and one of the suggestions was a request to shift the cut-off date for the exercise from January 1, 2015 to March 31, 2019.
The Delhi government has also requested that the government considers GPA and other documents (which were declared void by a 2011 order of the Supreme Court) be considered eligible for registry. (Photo @ArvindKejriwal)
The Delhi government has also requested that the government considers GPA and other documents (which were declared void by a 2011 order of the Supreme Court) be considered eligible for registry. (Photo @ArvindKejriwal)
Updated on Jul 24, 2019 07:07 PM IST
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Hindustan Times, New Delhi | By HT Correspondent

Noida plans to waive surcharges on stamp duty on 3 additional facilities

Last year, the Noida district administration had waived surcharges levied on power backup and lift services.
Noida has seen a slump in the realty market in the recent years, leading to the loss of avenues for revenue generation.
Noida has seen a slump in the realty market in the recent years, leading to the loss of avenues for revenue generation.
Published on Jul 16, 2019 03:35 PM IST
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Hindustan Times, Noida | By Shafaque Alam

Gujarat okays stricter penalty for violation of property law

The amendment enhanced the punishment for violation of the Prohibition of Transfer of Immovable Property and Provision for Protection of Tenants from Eviction from Premises in Disturbed Areas Act.
Chudasma said the changes in the law introduced by the Congress government in 1991 were required for its effective implementation.(Aniruddha Chowdhury/Mint)
Chudasma said the changes in the law introduced by the Congress government in 1991 were required for its effective implementation.(Aniruddha Chowdhury/Mint)
Published on Jul 08, 2019 11:52 PM IST
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Hindustan Times, Ahmedabad | By HT Correspondent

New tax regime to bring down airfares

Finance Minister Nirmala Sitharaman while presenting her first Budget of the Modi 2.0 government on Friday had said that the time is ripe for India to enter into aircraft financing and leasing activities from Indian shores.
According to the vision document, key action steps include tax treaties with leading countries and zero rating of GST, Corporate Tax, stamp duty and withholding taxes on aircraft leases.(Arvind Yadav/HT PHOTO)
According to the vision document, key action steps include tax treaties with leading countries and zero rating of GST, Corporate Tax, stamp duty and withholding taxes on aircraft leases.(Arvind Yadav/HT PHOTO)
Updated on Jul 07, 2019 11:19 AM IST
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Hindustan Times, New Delhi | By Faizan Haidar

2 years on, a look at the hits and hurdles of Goods and Services Tax

Implementing a radical and universal reform in an economy as large as India is bound to witness teething troubles and GST did. Two years after it was implemented, the question is whether GST is moving towards its promise of improving tax collections and removing bottlenecks to trade.
The experience so far has not been encouraging on the fiscal front. The budget numbers speak for themselves.(HT Photo)
The experience so far has not been encouraging on the fiscal front. The budget numbers speak for themselves.(HT Photo)
Updated on Jul 01, 2019 08:23 AM IST
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Hindustan Times, New Delhi | By Roshan Kishore and Rajeev Jayaswal

Outstanding tax revenue for Maharashtra at Rs 89,000 crore

The figures of the outstanding tax revenue were revealed in the state’s budget document, tabled earlier this week in the legislature.
The major chunk of the outstanding amount, Rs 65,396 crore, is accrued from sales and value added taxes on motor spirits and lubricants.(HT Photo)
The major chunk of the outstanding amount, Rs 65,396 crore, is accrued from sales and value added taxes on motor spirits and lubricants.(HT Photo)
Updated on Jun 24, 2019 08:33 AM IST
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Hindustan Times, Mumbai | By Surendra Gangan

Plan to buy home, car? You may have pay more in Maharashtra

Faced with deficit, state may hike stamp duty, registration charges
(Kunal Patil/HT Photo)
(Kunal Patil/HT Photo)
Updated on Jun 20, 2019 08:08 AM IST
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Hindustan Times | By Ketaki Ghoge, Mumbai

DDA’s 2014 scheme flats hit lock-in hurdle

Five months after it removed the five-year lock-in clause — which prohibited allottees from selling their flats for the initial five years — the DDA is unable to execute the conveyance deed (giving freehold rights to allottees) of flats due to the clause
While the clause has been removed, allottees can’t get their properties registered with the sub-registrar of the Delhi government due to the technical problem caused by the five-year clause(HTPhotos)
While the clause has been removed, allottees can’t get their properties registered with the sub-registrar of the Delhi government due to the technical problem caused by the five-year clause(HTPhotos)
Updated on May 22, 2019 07:29 AM IST
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Hindustan Times, New Delhi | By Risha Chitlangia

MCG opens buildings for private ads, mobile towers

He maintained that since most terraces and rooftops lie vacant in all MCG buildings, officials realised its potential for erecting mobile towers. He further said the central government has recently given licences to numerous private companies for establishing electric vehicle recharge units.
During the budget meeting in February, MCG officials had said poor collection of property tax, and stamp duty were the main reason for lesser collection.(HT FILE PHOT)
During the budget meeting in February, MCG officials had said poor collection of property tax, and stamp duty were the main reason for lesser collection.(HT FILE PHOT)
Updated on Apr 21, 2019 04:43 AM IST
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Hindustan Times, Gurugram | By HT Correspondent

South Mumbai’s realty bites: 3K locals wait for bigger homes for 4 yrs

Developer says can’t pay 150-cr stamp duty for project
Abhyudaya Nagar at Parel has been waiting four years for redevelopment to start.(HT Photo)
Abhyudaya Nagar at Parel has been waiting four years for redevelopment to start.(HT Photo)
Updated on Apr 14, 2019 10:45 PM IST
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Hindustan Times | By Eeshanpriya M S, Mumbai

Budget 2019: Hits and misses for realty

Tax benefits and incentives for affordable housing could help sector in the long run, but clarity on GST and a solution to the NBFC liquidity crunch are crucial too, say experts.
(HT File Photo)
(HT File Photo)
Published on Feb 09, 2019 07:46 PM IST
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Hindustan Times | By Aishwarya Iyer

Relief for 50,000 homebuyers in Noida as sub-leasing gets administrative nod

According to officials, there are over 50,000 buyers who have taken the possession of flats in various projects, without executing the respective registration deeds, because of which the Gautam Budh Nagar administration is facing a loss of around Rs 1,300 crore.
According to officials, the agreement of sub-lease with the builders will help buyers, as they won’t need to pay extra if the circle rates increase at the time of registry.(HT File)
According to officials, the agreement of sub-lease with the builders will help buyers, as they won’t need to pay extra if the circle rates increase at the time of registry.(HT File)
Updated on Dec 20, 2018 01:45 PM IST
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Hindustan Times, Noida | By Preety Acharya and Vinod Rajput

Gurugram court orders FIRS against revenue staff, builders over stamp duty exemption

The court also ordered FIRS against the beneficiary builders, and asked the police to submit a compliance report by December 19.
Builders were allegedly exempt of the mandatory two percent stamp duty during the registry of plots in Sihi village, in sectors 81-84 along the Dwarka expressway.(HT File / Representational Photo)
Builders were allegedly exempt of the mandatory two percent stamp duty during the registry of plots in Sihi village, in sectors 81-84 along the Dwarka expressway.(HT File / Representational Photo)
Updated on Dec 03, 2018 12:48 PM IST
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Hindustan Times, Gurugram | By Dhananjay Jha

Noida to allow floor-wise registration of houses on residential plots

Noida residents who own plotted houses or independent bungalows will soon be able to get floor-wise registration of flats built on residential plots. Cities like Delhi and Ghaziabad already allow floor-wise registration in most of their areas.
Noida residents who own plotted houses or independent bungalows will soon be able to get floor-wise registration of flats built on residential plots.(HT Photo)
Noida residents who own plotted houses or independent bungalows will soon be able to get floor-wise registration of flats built on residential plots.(HT Photo)
Updated on Nov 03, 2018 11:51 AM IST
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Hindustan Times, Noida | By Vinod Rajput, Noida

Punjab doubles stamp duty on 17 items

Stamp duty rates for 17 items stand to double following the amendment, which the cabinet found to be essential in order to boost revenue receipts of the state.
Punjab chief minister Captain Amarinder Singh presiding over a cabinet meeting at the CMO on Wednesday(HT Photo)
Punjab chief minister Captain Amarinder Singh presiding over a cabinet meeting at the CMO on Wednesday(HT Photo)
Updated on Oct 17, 2018 10:48 PM IST
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Hindustan Times, Chandigarh | By HT Correspondent

Those ceding land for bullet train project to get stamp duty waiver on buying property

While 1,434 hectares of land is needed for the project, with 353 hectares in Maharashtra and the rest in Gujarat, the agency has been able to acquire just 0.9 hectare in Bandra-Kurla Complex which has been physically handed over to it, a source had said.
A banner in Hanuman Nagar village in Palghar Taluka opposing the Mumbai - Ahmedabad bullet train in May. People who cede their land for the bullet train project can get the stamp duty of any property they buy reimbursed, provided they do it within three years of handing over the land, a top official said.(Anshuman Poyrekar/HT Photo)
A banner in Hanuman Nagar village in Palghar Taluka opposing the Mumbai - Ahmedabad bullet train in May. People who cede their land for the bullet train project can get the stamp duty of any property they buy reimbursed, provided they do it within three years of handing over the land, a top official said.(Anshuman Poyrekar/HT Photo)
Published on Sep 02, 2018 12:58 PM IST
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New Delhi | By Press Trust of India

Jewar airport:Govt hikes rates for farmers’ land, but they want more

Around 2,200 farmers’ houses need to be relocated and the land of around 9,500 farmers is required for the airport project, officials said.
Around 2,200 farmers’ houses need to be relocated and land from around 9,500 farmers is required for the Jewar airport project.(HT FILE PHOTO)
Around 2,200 farmers’ houses need to be relocated and land from around 9,500 farmers is required for the Jewar airport project.(HT FILE PHOTO)
Updated on Aug 28, 2018 03:41 AM IST
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Hindustan Times, Noida | By Vinod Rajput

Goa govt’s stamp duty error on 13 mining leases led to Rs 108 cr loss: CAG

The CAG report, for the fiscal 2016-17, said that stamp duty of these 13 leases from January 5, 2015 to February 16, 2016 should have been Rs 169.72 crore, as per proper calculations, instead of Rs 66.45 crore that the state’s Directorate of Mines and Geology (DMG) collected.
Mining leases in the state were renewed in 2014 after the Supreme Court lifted a ban it had imposed in 2012 over allegations of illegal mining.(HT/Photo for representation)
Mining leases in the state were renewed in 2014 after the Supreme Court lifted a ban it had imposed in 2012 over allegations of illegal mining.(HT/Photo for representation)
Published on Aug 04, 2018 06:05 PM IST
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Panaji | By Press Trust of India
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