i have purchased a flat for 19 lakh, in nagpur. How much service tax and VAT i have to pay

Q: what is the percentage of VAT , stamp duty, service tax in 12.36%?

ankur,

24th May 2015

Buying property in Bhagwan Nagar, Nagpur

urban development ministry

stamp duty hike in nagpur

property tax hike in nagpur

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Replies (5)

Good evening Hitesh and Meghna!!!
The decision to hike stamp duty is very important for Nagpur Metro Rail Corporation Limited (NMRCL) as it will get half the revenue generated by levy of the 1% surcharge. The remaining 50% will go to Nagpur Municipal Corporation (NMC) or Nagpur Improvement Trust (NIT) depending on whose land the property lies.

And secondly, this revenue will help NMRCL in repaying the 500 million Euro loan it has taken from German government agency KfW and the under consideration 130 million Euro loan from Agence Francaise de Developpement (AFD), a French institution.

Dharmaja Patel, Mumbai

5th July 2016

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Hi Everybody!!!
Have you heard the latest updates on property tax in Maharashtra? Stamp duty hiked by 1% in Nagpur Metro Rail corridor by the urban development department.

Hitesh Thawani, Mumbai

5th July 2016

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Right Hitesh........the Urban Development Department has finally cleared the proposal yesterday to increase stamp duty by 1% in Metro Rail corridor. The corridor is the area lying within 500 metres on both sides of the Metro track. The duty will now be 7.5% instead of 6.5%. The 1% registration charge (maximum Rs.30000) will remain unchanged. The stamp duty in the city except the area under Metro corridor will remain at 6.5%.

Meghna Ananth, Mumbai

5th July 2016

Hi, yes you can pay property tax online. You can visit http://igrmaharashtra.gov.in/ for online payment of property tax.

Suresh Khanna, Mumbai

27th May 2015

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Hi, In gramin area stamp duty is 5.5% of sale value and market value and registration fee is 1% of the sale value.

Ravindra Singh,

25th May 2015

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Hi dear, you can check from the official website for tax related update. But as off now within city limit stamp duty is 6.5 % of the sales value or market value and a 1 % Registration fee on the sale value or market value but registration fee shall not exceed Rs 30000.

Vineet Tendulkar, Mumbai

25th May 2015

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