Stamp Duty Compulsory during Registration of Property

admin July 25, 2018 No Comments

Stamp duty is an obligation that needs to be paid on the document which encapsulated the transfer of immovable property like the real estate. The home buyers need to pay the stamp duty when registering the sale agreement. Different rates of the stamp duty are payable in varied states depending on legislation prevalent in that particular state. For instance, in Maharashtra, the Maharashtra Stamp Act, 1958, regulated varied stamp duty rates payable on varied instruments of transfer of the immovable property. In the city, stamp duty is equivalent to 7 percent of the transaction value of ready reckoner value in the case, the value of the transaction is lower than ready reckoner value. Discounts- To promote the sales, some developers are proffering the stamp duty discounts like- Sellers allowing home buyers to pay half of the amount initially and the other half, later. Sellers splitting stamp duty amount with the […]

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Construction Automation to help Developers and End-users

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Technology is certainly transforming the construction as well as the project management landscape in more than one ways. An increasing reliance on technology with robotics to tackle the complexities of the mega projects has begun pushing the organizations to explore cost-effective ad new solutions. In fact, the robots are now the center of all futuristic construction technologies. A multi-purpose drone, robots cutting, bulldozer automation systems, packaging materials and welding structural frames which are increasingly becoming a common feature across huge and complex construction projects. Also, the technology can monitor inventory, deliveries and enhances the efficiency of the complete process. This has led to the growth in demand for several types of robots like building automation, collaborative industrial robots, additive manufacturing, logistic robots and 3D printing, etc. The robots help cope with the mundane activities such as shifting, lifting, loading, unloading and various other kinds of repetitive jobs, thus, reducing the […]

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Pros and cons of buying property near the Airport

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The real estate trends highlight that the availability of an airport near the locality will certainly go a long way in booming the values of the capital of the housing properties in the neighborhood. With new International Airport coming up in Navi Mumbai, the future for sure seems promising for Panvel. Likewise, Bandlaguda in South Hyderabad is seeing immense interest from the investors especially for plots due to its vicinity to Rajiv Gandhi International Airport. While the areas that are close to the airport enjoy the preference of the buyers, others would somewhat avoid being under the flight path. Residing close to an airport can mean lots of traffic as well as the noise from aircraft flying overhead. Even if you think about reselling such property, the home’s not so good soundproofing could prove to be the deal breaker. Whether you evaluate such a house as a permanent residence or […]

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How to Glam up your Living Room

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The living room is the most used space of the house, especially on the weekends. Here, one can relax, enjoy brunches, breakfast, catch up with friends, watch television and even host get-togethers, the living space decor which does not have to conform to the rules according to the rules at this specific space serving multiple purposes. Here we have some ways to make interesting changes to the existing and present look of the living room. Change the old furniture You don’t have to purchase any expensive furniture to freshen up your living space. All you really need to do is thinking of the new ways to generate or create an all-purpose living room. The arrangement of the chairs and the sofa can be bought from other rooms.  The boring and bulky furniture that makes present set-up can be shifted to the adjoining room. Create the different zones To help make […]

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Choosing an Affordable Rental House? Keep These in Mind

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Affordability is certainly an important factor for people those are looking for the rental home in the metropolitan cities. Besides the rental amount, vehicle parking charges, maintenance costs, etc., also have the impact on overall outgo. At the same time, the house is constructed well and designed and proffers great amenities can actually provide a healthy living experience. So, how does one strike the correct balance?  It is suggested that the rental home seekers should definitely choose the location, based on 3-4 issues to maintain the balance. Closeness to one’s workplace so that the commuting times is less, good social infrastructure like education institutes, hospital, and entertainment centers so that the family has things to do in the radius around the house, are some vital factors that the home seekers should look for, to lead a holistic lifestyle. Keeping the rentals affordable The experts point out that numerous properties come […]

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How to Do Up Your Rented Home?

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A rented home should be styled well, not only for the comfort but for the aesthetic appeal as well. Nonetheless, when doing up the rented place, one should follow specific restrictions as well as guidelines laid down by the landlord. In the rented home, civil work is, of course, a limitation. While most people paint the houses before they move in, any civil work is generally avoided unless the lease is for the longer period. There are other simpler ways, to spruce up the home and personalize it. Avoid investing in furniture or the finishes that you would require to leave behind when moving out of the house. When doing up the rented house, try and select the theme first- vintage, classical, kitschy and so on a hen choose for the correct furniture and soft furniture like curtains, pillows, and rugs to add in some color. Also, you can brighten […]

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Make the Most of your Second Home Investment

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Numerous second home buys luxury homes that provide them with the retreat away from the city where one can rejuvenate and relax. The increasing population of high net worth individuals has impelled the demand for second homes. For many second homes represents, the post-retirement recreation opportunity or options to pursue one’s interest and hobbies. Second homes, however, are increasingly viewed as the long-term investment option with capital appreciation and rental income. The recent changes in the tax laws, however, in the financial year 2017-18 have changed outlook the home buyers towards investing in the second homes. One prime reason is that the deduction of Rs 2 lakhs available on the home loan interest which is now similar for both, rented as well as the self-occupied property. Furthermore, loss of the house property can be reduced from the income from other sources which is confined to Rs 2 lakhs only. As […]

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Expansion of Delhi Metro to Build the Future of NCR

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Delhi Metro has been the boon for inhabitants of the National Capital Region, giving connectivity to several parts of the city and in turn, boosting the development of the real estate sector. Now, the authorities in the National Capital Region have chalked up various plans for the extension of the network connecting the outskirts of the city. This could certainly serve to improve the infrastructure in the areas along the route as well as lessen the burden on the other transportation modes such as roads. For instance, the recently extended magenta line will reduce the time of travel between West Delhi and South Delhi, between Gurgaon and Noida ad between Noida and Faridabad. The traffic that is coming from Dwarka will get diverted after a 20-minute ride from/to Janakpuri. Previously, it was Mandi House or Rajiv Chowk where one had to alight from metro to reach South Delhi. Now, they […]

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Changing Trends of Luxury Real Estate

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Branded luxury interiors, Jacuzzis, and in-house spas, hotel tie-ups, concierge services, luxurious living reaches new heights altogether. Gardens are turned into natural ecosystem, the kitchen is being loaded with latest appliances and gadgets, latest in technology, expansive pools, entertainment zones, the realtors in today’s time are putting together everything to match up to the demands of ever-evolving luxury customer’s base and therefore providing the luxury housing market a boost. As per numerous reports, India certainly stands fourth after Japan, China and Australia for housing largest population of millionaires in Asia-Pacific region. The demand for luxury homes appears to majorly drive by investments made by high net worth individuals as well as the ultra-net-worth individuals. The people’s classes are traveled well and have witnessed the high-end lifestyle that is offered across the countries. They certainly are not willing to settle for the lesser keen to get technological and facilities embellishments imported […]

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Ways to Earn Safe Returns on Property

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When it comes to giving out your property on rent, the property owners generally concern about the quantum of rent that needs to be charged, queries pertaining to the agreement of lease, tenant’s ability to pay, security deposit, lock-in period, registration and verification tasks. Without any due diligence, it can certainly become a serious problem and at times even a nightmare. Most of the common problems that primarily landlords encounter including the finding correct tenant, misuse of property by the tenant, delay in receiving the rent, tenants refusing to vacate as well as the tenants don’t pay the maintenance fees if the rental agreements are required as well. Legal documentation Proper legal documentation is important while renting a property. Infringement of property by the illegal means, absence or delay in receipt of rent and the unlawful activities owing to the lapse in tenant’s background checks, some risks that owner exposes […]

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