Reeling under severe inflationary pressures, Maharashtra's realty industry Thursday welcomed Chief Minister Prithviraj Chavan’s assurance that the ready reckoner rates would not be revised in 2012.Ready reckoner is the basis on which stamp duty and registration charges are levied by the government for any new residential or commercial property transactions and can add as much as between 5-10 percent...
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Reeling under severe inflationary pressures, Maharashtra's realty industry Thursday welcomed Chief Minister Prithviraj Chavan's assurance that the ready reckoner rates would not be revised in 2012.Ready reckoner is the basis on which stamp duty and registration charges are levied by the government for any new residential or commercial property transactions and can add as much as between 5-10 percent...
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Finance minister Ajit Pawar today informed Maharashtra Legislative Council that the new ready reckoner rates will come into effect in the state from next year.Replying to a query raised in the house by Ashish Shelar of BJP and others about the rise in property prices in neighbouring Thane district due to the hike in ready reckoner rates, Mr Pawar, who is also deputy chief minister, said government...
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increase in the number of high-value property deals is set to boost stamp duty collection of the state byThe number of property registration has remained the same as that in the previous year but the revenue has increased due to more deals of high value property and not because of revision in ready reckoner rates. Though the ready reckoner rates were hiked by an average 10%, the new rates were in force...
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be 0.2% of ready reckoner value of properties. The Nagpur Municipal Corporation's (NMC) general body will take a final call on the proposal this month, but the new rates may be implemented from the next fiscal.Municipal commissioner Shyam Wardhane said the administration gave a presentation of the ready reckoner based property tax system to mayor Anil Sole and other office bearers at a meeting on ...
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revenue department hiked ready reckoner rates of properties in city by 10% evoking a sharp criticism by realtors. However, the markets rates even in times of slackness are much higher than the government benchmark. Ready reckoner provides the minimum rate at which the stamp duty has to be paid by the purchaser of a property no matter at what price the deal is registered.However, a comparison of revised...
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Expressing its shock and dismay at the state government’s decision to hike the Ready Reckoner rates that guide the stamp duty and other levies, the Maharashtra Chamber of Housing Industry (MCHI) today said that the real estate customers will be hit hard.''This is the beginning of an unhappy new year for the customer,'' said Paras Gundecha, president of MCHI, the representative body of the real estate...
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