The Gautam Budh Nagar district administration has proposed to hike the circle rates of property in Noida by 10-30%. The authority of the finance department has granted a preliminary approval to the new rates. Circle rate is the minimum rate at which stamp duty is charged on transaction of a property. And the authority has [...]
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Circle rates of properties in Noida will be increased
Monday, May 28th, 2012IT parks in Bangalore are not paying property tax properly
Monday, May 28th, 2012Bruhat Bangalore Mahanagara Palike (BBMP) has identified sources from where it is losing revenue. In a survey to reassess buildings in tech parks for property tax at Mahadevapura revealed that the Palike has been cheated of crores by commercial and IT buildings, which do not pay tax according to the law. BBMP found that 10 [...]
Properties in Delhi will be registered electronically
Monday, May 28th, 2012The revenue department of Delhi is going to introduce electronic registration system of sale deeds of properties in Delhi. The municipality will start this electronic system of registration from the Mehrauli sub-registrar office in south Delhi, which covers a large part of south Delhi. Buyers of properties will now be able to take online appointment [...]
Chandigarh government plans to charge property tax based on power consumption
Monday, May 28th, 2012Department of Local Bodies in Chandigarh has proposed to charge 10% power bill as property tax for the property owners in urban areas of the state. The government has planned to calculate the amount of property tax based on the power consumption by the owner, not be based on the size of the property. The [...]
Real estate property deals falling due to higher rates
Monday, May 28th, 2012Documented property registration in Mumbai, Thane and Pune divisions fell in the last financial year. As per a rough estimate by a real estate analysis firm, at least 40,000 flats have remained unsold in Mumbai and Navi Mumbai areas. The actual number could be higher than that. Though, the amount of stamp duty collected by [...]
Assessment for properties in Nagpur will be completed in six months
Monday, May 28th, 2012The Nagpur Municipal Corporation (NMC) has planned to fast track the re-valuation and assessment work of properties in Nagpur for tax purposes pending for last many years. This delay is causing lot of inconvenience to the citizens and also losses to NMC. The department is waiting to finalize the decision on property tax based on [...]
New Property Tax Cards will be issued in Chennai
Monday, May 28th, 2012The Chennai Municipal Corporation had distributed Property Tax Cards valid for the period between 2007 and March 2012, to 6.5 lakh owners of houses in Chennai and other properties under the old city limits, for records of property tax payments. After the merging of new areas, the city now has 200 wards and the civic [...]
Impact fee for properties in Gujarat will be reduced
Friday, May 25th, 2012The Gujarat government has planned to drastically reduce the impact fee. The impact fee is a registration charge for legalizing illegal structures in the state’s urban areas. According to sources the state urban development department has decided to fix a “nominal fixed value” for regularizing illegal properties in Ahmedabad and other cities by charging the [...]
Property tax information by short message service for in Pune
Thursday, May 24th, 2012The property tax department of Pune has started a short message service (SMS) that will inform citizens about their tax dues on their properties at Pune. The municipal commission has declared that those who wish to get details of their dues by text messages should type NI, followed by their property number, and send it [...]
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