The revision of the circle value or the property registration minimum value or the guidance value which was supposed to have been revised in November, 2015 was deferred due to undue pressure from various lobbies. Finally the Government might revise the values from 01-04-2016 and there is abnormal crowd in Bangalore Sub-Registrar offices. The percentage … Continue reading PROPERTY REGISTRATION VALUE – GUIDANCE VALUE MIGHT BE REVISED FROM 01-04-2016
Do not jump into conclusion that the High Court has cleared the registration of revenue sites and buy it. It has clearly stated that the Sub-Registrars cannot refuse the registration but, if such transfer or transaction is contradicting the local statute or law, then, the statute or the particular laws have the machinery FOR INVALIDATING … Continue reading Revenue Sites
The recent High Court pronouncements on the registration of Revenue Sites has not validated nor declared that the revenue sites are LEGAL. It is said that the Sub-Registrars cannot assume the power of a judge or a court and dictate terms for the registration. The Sub-Registrars cannot refuse the registration on the grounds that there … Continue reading Revenue Sites –
Due to inclement weather and harsh summer, the underground water table across the state is depleting very fast and the water storage levels in the reservoirs supplying drinking water to Bangalore does not have enough storage and this might affect the regular water supply. The apartments depending upon water tankers might have to pay up … Continue reading WATER SCARCITY and POWER CUTS IN APRIL 2016
The BBMP has hiked the property taxes after several years by 20% for residential properties and 25% on Commercial properties across Bangalore from 01-04-2016. Bonus: The Zones have been changed. The upgraded zones will have higher level of taxation.
The power supplying companies might increase the power tariff by a minimum of 20 paise per unit from 1st, April, 2016.
1). Stamp duty on agreement sale of movable property increased from 2% to 3% (Not on Immovable property). 2). Stamp duty on gift among family members increased from Rs. 1,000 to (i) in BMRDA/BBMP/city corporation area properties: Rs 5,000. (ii) city or town municipal council/town panchayat area properties: Rs 3,000. (iii) properties in area other … Continue reading STAMP DUTY INCREASE FROM 01-04-2016
The Highlights of The Real Estate (Regulation and Development) Bill,2016 The Real Estate (regulation and development) Bill, recently passed by Parliament, awaiting Presidential assent, will address the concerns of the home buyers. It is welcomed by the home buyers and the law will be implemented retrospectively and if the bill is implemented in … Continue reading The Real Estate(Regulation and Development Bill, 2016 – What is in store for the buyers
The State government has appointed H.N. Narayan, retired judge of the High Court of Karnataka, as chairman of the Special Court established for speedy trial of land-grabbing cases and those related to ownership of land and would look into encroachments of both government and forest land by individuals in cities as well as rural areas. … Continue reading Special Court to handle land encroachment established and would deal with the encroachments identified by A.T.Ramasway Committee and V.Balasubramanian`s Task Force
Revenue Sites Registration cannot be rejected or refused by the Sub-Registrars A Division Bench comprising Chief Justice Subhro Kamal Mukherjee and Justice B.V. Nagarathna passed the order while allowing petitions filed by C. Ramachar and others, who had questioned the circulars issued by the government on April 9, 2009 and April 3, 2012 banning … Continue reading HIGH COURT PERMITS THE REGISTRATION OF REVENUE SITES AND GRAMATHANA SITES
Real Estate Bill-2015 The Lok Sabha on Tuesday passed The Real Estate (Regulation and Development) Bill, 2015 in the Parliament; earlier the Rajya Sabha had passed the bill on 10-03-2016. The bill seeking to regulate … Continue reading REAL ESTATE BILL PASSED IN BOTH THE HOUSES
It is alleged that the L & T housing project in Hebbal, Bangalore North, which is almost sold out has some irregularities and illegalities connected with the project, may stall it or it might be delayed. CHARGES: 1). Land use not changed. 2). Non Payment of Betterment charge. 3). Bandi Daari, Kaalu Daari and Raja … Continue reading L & T HOUSING PROJECT IN HEBBAL – IN SERIOUS TROUBLE
It is widely believed that AKRAMA - SAKRAMA will clean the mess or will regularise all the illegal properties or illegal acts. NO. Properties which fall into the specific categories will be subjected to the regularisation. ALL ILLEGAL, IRREGULAR, VIOLATIONS & DEVIATIONS cannot be regularised. Even with the connivance of the officials, if any such … Continue reading WRONG NOTIONS AND IDEAS ABOUT THE AKRAMA SCHEME
Harsh summer, Power and Water shortages in Bangalore and Karnataka in 2016 Karnataka and Bangalore is staring at a critical water shortage and a harsh summer, this as experts feel is worst in 40 years. The state government has already declared drought in 136 talukas, this in itself considered the worst in 40 years. Bangalore`s … Continue reading SEVERE DROUGHT IN KARNATAKA
Mr.Avinashi`s mail to property buyers. Be careful about the details, brochures, names of the builders or the sellers, approvals, construction quality and finally the price. 80% of the apartment buyers cannot openly express their worry and anguish, as they had expected heaven on earth while buying the apartment, once bought, the hell drops down, without … Continue reading PROPOSE TO BUY AN APARTMENT OR A SITE ? THINK, NOT ONCE, SEVERAL TIMES
NEW PROPOSAL FOR ILLEGAL BUILDINGS NO WATER AND NO ELECTRICITY FOR UNAUTHORISED CONSTRUCTIONS AND BUILDINGS WITH DEVIATIONS IN FUTURE!!! WHAT ABOUT THE ILLEGAL BUILDINGS WITH DEVIATIONS AND VIOLATIONS HAVING WATER AND POWER CONNECTIONS???? The Bruhat Bengaluru Mahanagara Palike (BBMP) has sought orders from state government to reject regular water and power connection to illegal … Continue reading NO WATER AND NO ELECTRICITY FOR UNAUTHORISED CONSTRUCTIONS AND BUILDINGS WITH DEVIATIONS IN FUTURE!!! WHAT ABOUT THE ILLEGAL BUILDINGS WITH DEVIATIONS AND VIOLATIONS HAVING WATER AND POWER CONNECTIONS????
The High Court of Karnataka has adjourned the hearing on the notorious Akrama - Sakrama Scheme to 08-03-2016 for the final hearing.
The property taxes in BBMP limits has been revised and the new tax slabs will come into effect from 01-04-2016. The increase in the taxes is based on the guideline value or the property registration value and the hike is expected around 10% to 20% and the actual increase as per the guideline value will … Continue reading PROPERTY TAXES IN BENGALURU FROM 01-04-2016
FM proposed an additional Rs 50,000 deduction on interest on loans for first-home buyers and tax incentives on development of affordable housing. The government also exempted from service tax construction of affordable houses up to 60 sq metres under any scheme of the central or state government including PPP schemes. The finance minister in his … Continue reading BOOST TO AFFORDABLE HOUSING AND REAL ESTATE SECTOR IN BUDGET 2016-17