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.
Latest Answer: 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.
