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Transfer fee to be imposed for SEZ in Gujarat

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New norms and applications are prevailing from the house of govt. since the realty has made as one of the profitable sector in Indian business. According to the sources of www.propertykhazana.com it came to light about the 10 percent of stamp duty to the Government of Gujarat. This 10 percent will be charged as a part of the transfer fee for all the realty dealings in the state. But the duty is mostly targeted to the special economic zone related issues as many SEZ projects has got green signal from the center and will be hitting the ground soon.
Sources of www.propertykhazana.com also reveals that the notification issued by the revenue department of the state is applicable only if there occurs any transfer formalities among the realty groups before the tenure of five years after the projects gets formal acceptance from the central authority. On the other hand the charges will be rising to double if the SEZ gets to the transfer formalities after the five years of its operation.
On an another study led out by various independent group on behalf of www.propertykhazana.com has revealed that around 20000 hectares of land is occupied by the big names in realty for the cause of SEZ around the state of Gujarat where approximately 45 percent of the total acquired land solely belongs to the authority of Gujarat Govt.
Source: NBTVLIVE

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