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STAMP DUTY IN BENGALURU
Karnataka High Court sets aside KIADB order in Rs 1,125 crore Lam Research land matterThe High Court passed the order after the company filed an affidavit clarifying its agreements with Lam Research India Pvt Ltd. The HC said...- From proud owner to regret after one year, Bengaluru flat buyer now feels the 'EMI noose' around his neck as he exposes the hidden cost of owning a property in India's Silicon ValleyA Bengaluru resident's Reddit post reveals the often-unspoken challenges of flat ownership, detailing stressful buying processes, unexpecte...
- Buying a house Vs Renting it: CA questions home ownership logic in urban India when 'banks have rebranded liability as a dream'A Chartered Accountant has sparked debate by questioning the financial logic of buying homes in urban India compared to renting. In a post ...
- Mumbai realty market defies gravity, but early signs of shift emergeMumbai's property market recorded its best April in over a decade, surprising observers with record housing registrations. This resilience ...
- Can Rs 1.5 lakh monthly salary afford to buy a home? 30-year-old with Rs 22 lakh savings reopens rent vs buying debateA 30-year-old woman earning Rs 1.5 lakh per month and holding savings of over Rs 22 lakh has sparked an online discussion after questioning...
- CREDAI-Bengaluru seeks government support to resolve E-Khata related issuesCREDAI has submitted critical issues faced by the real estate sector to Revenue Minister and Spl Commissioner BBMP; Separate Submission mad...
- Upfront cost on property registration goes up in KarnatakaCurrently, the stamp duty in Bangalore is 6.6% of the property's market value. The advance stamp duty will be adjusted against this at the ...
- West Bengal and Karnataka Governments cut stamp duty to revive residential salesHowever, the housing demand in Bengaluru is unlikely to get a significant booster as the market is largely skewed towards the mid-segment –...
- Karnataka cuts stamp duty to 3% on apartments below Rs 45 lakh"This will be applicable for the first registration of these apartments. There is also a proposal for upward revision of guidance value. Th...
- Stamp duty cut unlikely to spur quick investments into projectsYediyurappa has proposed to cut the stamp duty rate on flats priced between Rs 35 lakh and Rs 45 lakh to 3% from 5%, provided it is a prima...
- Flats below Rs 45 lakh to cost less in Karnataka, but only on primary salesIt is to be seen if Monday's announcement will provide enough incentive for first time home buyers to book their flats, and provide confide...
- Karnataka reduces stamp duty to 3% for homes valued between Rs 35 lakh to Rs 45 lakh“While the move does carry a feel-good factor and will strike the right sentiment chord, it is not likely to give a significant boost to ho...
- Karnataka Budget: Realty players pin hopes on cut in guidance value to drive property salesSteep guidance value at many places in Bengaluru has led to transactions bypassing the registration, with people closing deals through mutu...
- Karnataka to add ‘sweetener’ to property transactions with a lower guidance valueKarnataka introduced the guidance value system in the 1990s, with B Somashekhar as revenue minister, to plug leaks in stamp duties. Section...
- Karnataka reduces stamp duty on new flats by 3%The Kaveri software of the stamps and registration department will be integrated with the e-Aasthi (property) application of the state urba...
- Guidance value jump may hit Bengaluru’s property marketState may have got calculation wrong by jacking up ‘market rates’: officials.
- GST rollout: Home buyers to benefit if Karnataka government cuts stamp dutyCredai Bengaluru, are trying to convince the government to cut or abolish stamp duty and registration fees in the wake of GST being impleme...
- Land deals to turn costlier in BengaluruThe auditors illustrated with an example how government was losing revenue in case of sale of converted land in urban areas.
- Government to levy higher tax on urban land transactions in Bengaluru & other citiesThe new rule has come into effect from April 1, and is expected to push up the cost of transactions in places such as Bengaluru where land ...
- Bengaluru office spaces grow pricier with hiked guidance valuesRevised values came into effect on November 18 and will determine stamp duty and other charges to be paid during registration of property.
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