Page 2 - Stamp Duty

Maharashtra govt to reinstate 5% stamp duty on property registrations

The Maharashtra government on Wednesday decided not to extend the two per cent stamp duty waiver on property registrations from April

Housing sales in Mumbai grow three-fold in March 2021, says report

The value of apartments sold in January to March 24, 2021 period added to Rs 39,880 crore

DLF, Oberoi Realty: Strategy for realty stks as Maharashtra halves premiums

The Maharashtra government has slashed premiums and levies charged on construction by 50 per cent, till December 31

Residential property registration jumps 2-fold in Dec in Mumbai: Report

The registration of residential properties in Mumbai jumped over two-folds this month at 18,854 units compared with November on account of reduction in stamp duty by the Maharashtra government, according to Knight Frank India. In November, total registration stood at 9,301 units. The registration in December 2019 stood at 6,433 units, the consultant said. "Mumbai recorded a historic surge in home sales registrations in the month of December 2020. Total sales registered till December 30, 2020 for the month of December is recorded at 18,854 units," Knight Frank said in a statement. Shishir Baijal, Chairman & Managing Director, Knight Frank India said, "The reduction in stamp duty has led to a significant surge in sales of homes in Maharashtra, particularly in Mumbai, comforting the long -beleaguered real estate sector of this region." A combination of the lowest home loan rates, reduced prices along with rebates and offers made by developers, as well as increased household saving ...

Luxury apartment sales make a comeback in big cities; stamp duty cut helps

South-Central Mumbai localities in October had luxury home sales worth Rs 500 crore; demand grows for South Delhi properties

Madhya Pradesh govt reduces cess on stamp duty for property registration

Madhya Pradesh CM Shivraj Singh Chouhan said his government has decided to reduce the cess on stamp duty charged for registration of property to one per cent from the current 3% in urban areas

Maharashtra realtors waive stamp duty for home buyers in bid to spur market

Move follows recent cut in stamp duty on and other levies by state govt

Maharashtra stamp duty cut will do little in boosting demand: Ind-Ra

Ind-Ra said the residential real estate's volume and price growth are closely integrated with the GDP growth rate

Maharashtra govt's stamp duty cut to do little in boosting demand: Ind-Ra

It also noted that the two key residential real estate markets of Maharashtra Mumbai and Pune may react differently to this measure, given the structural difference between these two markets

Oberoi, Godrej Prop to gain most from Maharashtra stamp duty cut: Analysts

After Maharashtra, analysts expect more states slash stamp duty rates. According to Jefferies, the state governments to watch out for will be Karnataka (Bangalore) and Haryana (Gurgaon)

Maharashtra stamp duty cut may spur sales of smaller apartments: Realtors

"There is pent-up demand. I feel demand for smaller apartments will rise as people want to buy new homes," said Deepak Parekh, chairman of HDFC

Stamp duty cut will uniformly impact all housing segments, say realtors

Nitin Gupta, managing director at Macquarie Capital said the demand will come back for low and mid income housing and not necessarily premium housing.

Godrej Properties, DLF: How to trade real estate stocks post stamp duty cut

Price-volume trend indicates a further upside for realty stocks

Stamp duty to have "little to no impact" on retail investors: Experts

All mutual fund purchases will attract stamp duty from Wednesday but experts believe it will have "little to no impact" on retail investors as charges are too low

Karnataka to slash stamp duty on new apartments costing up to Rs 35 lakh

The Chief Minister directed that the stamp duty be cut from the existing five per cent to two per cent on apartments costing less than Rs 20 lakh, getting registered for the first time

Implementation of Stamp Act changes deferred by 3 months till July 1

Through a notification the Revenue Department said these amended provisions will come into effect from July 1, 2020.

President clears a uniform stamp duty system for securities transactions

There is to be a coordination council to review or revise stamp duty rates

Punjab cabinet approves hike in stamp duty rates to mobilise resources

The Ordinance would now be sent to the Legal and Administrative Affairs Department for its finalisation and later to Punjab Governor for its approval