Due to lower graph of realty sale and other financial crisis issues there had been a vibe of reducing the stamp duty for the realty to lessen its burden. But according to the source of www.propertykhazana.com all such delegation has been declined by the concerned authority and the realty stamp duty will be applicable as per the previous norms.
Registrar of stamp duty has said that, “the realty groups have to pay a fixed stamp duty on their transactions on the first day of January every year and it will not be changed until and unless any further notice”. A relevant agency has also asked the department of revenue to revise the memorandum but no modification has been done yet on the verdict of the stamp duty of the state as per the source of www.propertykhazana.com.
Top officials of the revenue has also pointed that the current reckoner rates is very nominal as compared to the realty rates of the private developers to their buyers. Citing few examples he says that at some places reckoner rates amounts to just Rs 10,000 per square feet but private builders double the rate or sometime make more margin then the actual one. Despite the slow down in the realty the rates has not come down in real papers as estimated by many buyers and experts. For more updates visit www.propertykhazana.com.
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