NEW GUIDANCE VALUES- DELAYED

IT IS RELIABLY LEARNT THAT THE PROPOSED REVISION OF GUIDANCE VALUE OR THE VALUE AT WHICH THE STAMP DUTY IS COLLECTED FOR THE REGISTRATION HAS NOT YET BEEN NOTIFIED.  THE GOVERNMENT IS WAITING FOR THE NEW REVENUE MINISTER TO TAKE UP THIS ISSUE AND NOTIFY THE SAME. THE BUYERS CAN HAPPILY REGISTER THEIR PROPERTIES AT … Continue reading NEW GUIDANCE VALUES- DELAYED

MISCONCEPTION ABOUT THE MARKET PRICE AND GUIDANCE VALUE

THE SELLERS ARE IN GREAT MOOD HOPING THAT THE PRICES OF THE PROPERTIES HAVE GONE UP WITH THE REVISION OF GUIDANCE VALUE.  THIS IS A MISCONCEPTION. IN REALITY, THERE WILL NOT BE GOOD DEMAND FOR THE PROPERTIES DUE TO THE REVISION AND INCREASE. THE REASONS ARE: THE SELLERS HAVE TO PAY ADDITIONAL STAMP DUTY AND … Continue reading MISCONCEPTION ABOUT THE MARKET PRICE AND GUIDANCE VALUE

PROPERTY REGISTRATION EXPENSES SHOOTS UP BY 1% TO 15%

DUE TO THE REVISION OF GUIDANCE VALUE, THE STAMP DUTY AND THE REGISTRATION FEE( CHARGES) PAYABLE BY THE BUYER HAS GONE UP BY 1% TO 15% DEPENDING UPON THE QUANTUM OF REVISION.  GENERALLY, 90% OF THE PROPERTIES REGISTERED ARE ALWAYS UNDERVALUED.  ONLY THOSE SEEKING LOANS FOR THE PURCHASE WERE REGISTERING IT AT THE MARKET VALUE … Continue reading PROPERTY REGISTRATION EXPENSES SHOOTS UP BY 1% TO 15%