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IndianPropertyLawyers

New Town Kolkata

Draft New Town Kolkata Planning Area (Building) Rules 2014 and LUDCP

Alarmed by the unplanned urbanization in the New town planning area, which falls under the local panchayat, the government of West Bengal has drafted New Town Kolkata Planning Area (Building) Rules 2014 and a Land Use and Development Control Plan (LUDCP). New Town Planning Area which is called the HIDCO planning area covers 24 mouzas- […]

stamp-duty

Stamp Duty cut a relief for property owners in West Bengal

The year 2014 began with a good news for about 85,000 flat owners owning flats in co-operative housing societies in Salt Lake, Rajarhat, North Kolkata, Burdwan and Durgapur and other places in West Bengal. State Finance department, Government of West Bengal issued an order in January 2014, allowing the original members of co-operative housing societies […]

Restriction on transfer of land in Kolkata Salt Lake withdrawn

During 1958 – 1965 the Salt lake city area in Calcutta (presently Kolkata) was developed by Irrigation and Waterways Department of Government of West Bengal, which since 1991 came to be known as Urban Development Department. In 1970s the area was plotted and about 13,000 residential plots were allotted on lease of 999 years tenure […]

Your guide for redevelopment and taxation of property-Part 2

While the previous article (Your guide for redevelopment and taxation of property-Part 1), we discussed about what is redevelopment, advantages of redevelopment and the process of redevelopment, in this article we reveal about the implication of tax on redevelopment. Under redevelopment agreements besides the redeveloped property with additional space/area, owner(s) of the property also gets […]

Your guide for redevelopment and taxation of property-Part 1

Buildings have their own life span depending upon the quality of construction, quality of land on which it is constructed, quality of maintenance it was subject to, climatic condition of the surrounding and so on. After a certain age, due to wear and tear and exposure to natural elements every building becomes ragged and maintenance […]

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