Real Estate Forum on Lbt

Latest Answer: Hi, Check the Title of the flat is clear or not. You don't need to pay Service Tax and VAT. Builders charge because it is thier regular course of business of building and selling so they charge Taxes. (but not of that Lady) Registration charges should be paid by you. After Registration is over. check the doucments online on Registration website showing details of Flat and Sale Deed Number. Is in your name and details of the flat are updated on the website. (Encumbrance Certificate EC is record of registered documents over a property check on website of Registration and Stamps Department).

Latest Answer: @Rubiya, But the original budget was Rs. 2015 crore and expected to be come by March end and the income will increase to Rs 2210 crore. Going by the increasing LBT revenue, a target of Rs 1103 crore (11% increase) has been set for the new financial year.

Latest Answer: Hi friends!!! 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.

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.

Latest Answer: Our builder Paranjape Schemes is also demanding 1% to be paid during coneyance deed being done in July 2013. Our registration was done way back in 2010, stamp duty I had paid then only . Why we need to suffer for builder delay

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 ??