Announcement

Collapse
No announcement yet.

Stamp Duty in 2012

Collapse
X
Collapse

Stamp Duty in 2012

Last updated: December 21 2011
6 | Posts
3028 | Views
  • Time
  • Show
Clear All
new posts

  • Stamp Duty in 2012

    Hi Friends,

    I heard that from Jan-2012 the stamp duty rates are increasing, Is it true?? If yes then what would be the revision?
  • #2

    #2

    Re : Stamp Duty in 2012

    Yes. I also heard same from many builders..if any body has confirm news about, can you please share the details

    Comment

    • #3

      #3

      Re : Stamp Duty in 2012

      Originally posted by Pahal12 View Post
      Yes. I also heard same from many builders..if any body has confirm news about, can you please share the details
      I don't know whether it is true or not, but ideally government should do opposite of this to get the target. Government should decrease the stamp duty charges, and increase the circle rate ( I mean, in many areas circle rate is 50% less than the actual market rate). By doing this, government can achieve the desired target.

      Comment

      • #4

        #4

        Re : Stamp Duty in 2012

        My banker told me that it would be 8% from Jan-2012.

        Anyone is having confirm news?

        Comment

        • #5

          #5

          Re : Stamp Duty in 2012

          Well, how can something like the stamp duty be raised so arbitrarily without any prior info ?

          Comment

          • #6

            #6

            Re : Stamp Duty in 2012

            Originally posted by RBagade View Post
            My banker told me that it would be 8% from Jan-2012.

            Anyone is having confirm news?
            Surprising, even Manmohan Singh mentioned few months back that Stamp duty should be reduced to curb black money in RE...and Govt. is doing opposite....Already there is sales tax and VAT on new construction.

            Comment

            • #7

              #7

              Re : Stamp Duty in 2012

              what i have found out is that its not the stamp duty that is being raised but its the ready reckoner rates that will be revised. these rates are revised every year so there is a marginal uptick on stamp duty. but it should not affect much as most buyers pay stamp duty as per the flat cost and not as per the ready reckoner rates. .. just my 2 cents ... more feedback on the same issue will be appreciated.

              Comment

              Have any questions or thoughts about this?
              Working...
              X