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New registration rule stumps property buyers

Thousands of buyers wanting to register their properties at the sub-registrars' offices before the year rolls over and the new ready reckoner rates kick in on January 1 are badly stuck if theirThe inspector general of registration (IGR) has issued oral instructions to sub- registrars all over the district to not accept such documents from December 23 as stamp duty and registration fee have to be paid...
Source : Times Of India |
Category : City | City : Pune

Ready reckoner rates in Mahalaxmi precinct are more than market value: Residents

Ready reckoner rates in Mahalaxmi precinct are more than market value: ResidentsMUMBAI: An unusually high ready reckoner (RR) fixed by the stamp duty office on over century-old properties within Mumbai's oldest religious and heritage sites, the landmark Mahalaxmi temple complex, has stumped its residents.The complex, comprising 50 properties housing over 1,500 residents, is around the ancient Mahalaxmi,...
Source : Times Of India |
Category : City | City : Kolkata

Property taxpayers to pay more for Nagpur Municipal Corporation delay

Nagpur Municipal Corporation (NMC) was supposed to introduce capital-based property tax system, popularly called ready reckoner-based system, from April 1, 2011. The BJP-led ruling alliance delayed its implementation despite its office bearers announcing so in all three years. Meanwhile, the ready reckoner value of properties in city has increased by around 30% to 60% in the last two years of which...
Source : Times Of India |
Category : City | City : Nagpur

Ready reckoner rates up by 5-10% in Pune, Pimpri Chinchwad

is a 5 to 10% increase in the ready reckoner rates for the city and Pimpri Chinchwad while it is between 10-15% in the rest of the state. The state government on Tuesday raised the rates for properties which will come into effect from January 2014.Last year, notwithstanding the high property prices, the rates had increased at an average of 10-20 % in the city limits.The ready reckoner (RR) is the basis...
Source : Times Of India |
Category : City | City : Pune

Vidarbha Taxpayers Association writes to PM, FM against 'double tax' provision

Act, along with an amendment to Section 53(2)(vii), leads to double taxation, which is against principles of fair taxation, saidThe provision says, in case a person sells property at a rate lower than the ready reckoner, both the buyer and seller will be taxed. Ready reckoner rate is a value of a property arrived at by the town planning department or similar agency. This is the basic rate at which...
Source : Times Of India |
Category : City | City : Nagpur

Maharashtra govt plans 10-25% rise in ready-reckoner rates from Jan 1

revenue department has convened a meeting to explore various options in this regard.The Maharashtra government is planning 10 to 25% increase in the ready-reckoner (RR) rates for residential and commercial properties in Mumbai and the rest of Maharashtra from January 1, 2014, according to media reports.Report said that revenue department has convened a meeting to explore various options in this re...
Source : Indiainfoline |
Category : Business

Homes get costlier: Govt to hike ready reckoner rates

The Maharashtra government has decided to give a black New Year gift to Mumbaikars. It has decided to increase stamp duty ready reckoner rates for both residential and commercial properties by 30% from January 1 onwards, according to a senior Mantralaya official.And since property tax levied by the BMC is based on the capital value of the property, this levy too will go up. The cumulative effect of...
Source : DNA |
Category : Others | City : Delhi

State may scrap ready reckoner rate increase

Aam Aadmi Party's sop spree for Delhiites seems to be haunting the Democratic Front government in Maharashtra as its cabinet ministers on Thursday forced the administration to reconsider its decision to hike ready reckoner (RR) rates.Within 24 hours of its decision, the state may now reduce or withdraw the up to 20% hike in rates for residential and commercial properties.State cabinet sources said...
Source : Times Of India |
Category : City | City : Mumbai

Hailstorm, unseasonal rains damage crops in Aurangabad District

Unseasonal rains and intense hailstorm along with stormy winds destroyed ready to harvest crop in Aurangabad district of Maharashtra, bringing misery to farmers....
Source : Webindia123 |
Category : Headlines

NASA's Chandra spots fast-moving pulsar firing record-breaking jet

NASA's Chandra X-ray Observatory has spotted a fast-moving pulsar escaping from a supernova remnant while spewing out a record-breaking jet of high-energy particles.The pulsar, a type of neutron star, is known as IGR J11014-6103. IGR J11014-6103's peculiar behavior can likely be traced back to its birth in the collapse and subsequent explosion of a massive star.Originally discovered with the European...
Source : News Track India |
Category : Science N Technology | City : Washington
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