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Impact of hike in registration cost and guideline values have always been felt in the Chennai property market.

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hike in registration cost
Latest Answer: Hi Mr Javed, According to me, if someone buys a new flat for Rs 1 crore and assuming the cost of UDS is Rs 40 lakh, the construction cost would be approximately Rs 60 lakh (which would exclude taxes such as service tax, VAT). Earlier, a buyer was paying Rs 3.20 lakh (8% of UDS i.e Rs 40 lakh). The buyer needs to shell out an additional Rs 1.20 lakh (2% of construction cost ie Rs 60 lakh), resulting in a total of Rs 4.40 lakh.
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Registration charges in Ghaziabad
Q: Hi can someone let me know what is the registration fee charged for property registration in Ghaziabad?

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Latest Answer: Hi friends!! In form of Krishi Kalyan Cess, a levy of 0.50% is going to add up to existing rate of service tax on all taxable services which sums up to total service tax of 15%. Arun Jaitely, in his first budget had increased service tax rate to 14% from 12.36% and then added 0.50% as Swachh Bharat Cess from 15th November, 2015. Now, with krishi kalyan cess of 0.50%, the new service tax rate will be 15% effective from 1st June 2016.
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Increase in Registration costs.
Q: Why is the government again planning to increase the property registration cost in Gurgaon?

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Latest Answer: Hi Rajarshi, click here to read more- Property registration rates will be revised in Gurgaon.
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