Q:I am in process of buying a resale 2 bhk flat in PMC area, can anyone please tell me if LBT is applicable on sale deed executed after 1st april 2013 for resale flats. If yes what is the percentage of the same
Latest Answer: We purchased our flat befire 1 Apr 2013, and in process of Society Registration, does it attract 1 % LBT , (our builder is asking 1% of agreement value from each flat owner) or it will be 1 % of the Society Registration fees only ??
Q:On 26th April 2012 the Maharasthra govt. increased the stamp duty from 2% to 5% without any prior notice. 3% increase in a 2 bhk of around 40 Lakh amounts to 1.2lak increase, totalling to 2 lac from the previous 50 000. This is really looting the middle class. But then why there was no issue in the news papers and media? Increasing the stamp duty 150% at a stroke is unheard.
Latest Answer: Very true the hike in stamp duty was uncalled for and is strictly revenue-centric. We cannot blame only the builders for price rise but also the government.
