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Home > Forum > Pune > Legal > Rose Icon builder charging 1% extra stamp duty to get flat possession.

Rose Icon builder charging 1% extra stamp duty to get flat possession.

Q: Rose Icon builder charging 1% extra stamp duty to get flat possession. He is giving me reasons like increase in stamp duty, LBT and Apartment Deed. Could somebody please advise what to do. I have already registered my flat and paid stamp duty in Feb'13.

possession charges
lbt
apartment deed
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Replies (4)
1
The stamp duty is hiked for five Municipal corporations Nagpur, Pune, Thane, Pimpri Chinchwad and Navi Mumbai. And their will be two new taxes
1) 1% TDS if your property is 50 L and above.
2) 1% LBT
All these taxes are gonna increase the value of the property and will definitely impact the real estate market of these cities.
Siddharth Rana


2
Yes, Pravakar you are rite. Mr. Saurabhpoddar, You should check with your builder again. And consult some good lawyer.
Rohit Marathi


3
Hey, as far as I know it is affected for April 2013. If the registration of the property is already done in Feb then? Please check the link below
http://articles.timesofindia.indiatimes.com/2013-03-31/nagpur/38162280_1_stamp-duty-lbt-nagpur-municipal-corporation
Pravakar Saxena


4
Due to Local Body Tax, State Government has increased the Stamp duty. Now the stamp duty is 6%, earlier it was 5%. The additional 1% will go to Municipal Corporation where LBT is implementing.
Rohit Marathi


5

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