News articles tagged Property Tax

Nashik Development Charges Surge to Rs 350/sq m April 2025: Impact Analysis

Nashik Municipal Corporation triples development charges to Rs 350 per sq m starting April 2025, marking the first hike in 15 years, aiming to fund infrastructure projects and Kumbh Mela 2026-27 while developers anticipate rising housing costs.

Chandigarh Sees Sharp Hike in Collector Rates

The Chandigarh Administration's significant hike in collector rates, effective April 1, 2025, impacts various property types, leading to widespread criticism from traders and property dealers.

Howrah Launches AI-Powered Property Valuation System to Boost Transparency in 2025

Howrah Municipal Corporation introduces an AI-driven valuation system in 2025 to ensure fair property tax assessments, streamlining processes and setting precedents for market dynamics improvement.

Five things to be aware of in the Bengaluru real estate market if you intend to rent an apartment there

Bengaluru's rental inflation exceeds Singapore's due to a 20-30% rent increase, driven by companies ending work-from-home policies.

The Real Estate Regulatory Authority (RERA) may soon receive clarification on tax exemptions from the GST Council.

The GST Council is expected to clarify that the Real Estate Regulatory Authority (RERA) will be exempt from GST. This decision follows concerns that GST effectively taxes state governments.

How do real estate prices in Delhi fluctuate?

Property mutation is crucial in ownership transfer in Delhi. Here’s a detailed guide on the process, documents required, steps to apply, and how to track the status.

The Extended Deadline for Delhi MCD Property Tax Geo-tagging: Everything You Need to Know

Delhi MCD extends property tax geotagging deadline to Feb 29, 2024. Residents can get a 10% tax rebate for self-geotagging before the deadline. This initiative aims to improve urban planning and revenue collection.

Mumbai will not be raising its property tax

Mumbai's property tax remains unchanged for the fiscal year 2024, providing relief to homeowners amidst ongoing financial challenges, according to the state cabinet's recent decision.

Online Land Tax Payment Kerala

Kerala simplifies land tax payments via the Sanchaya portal. Property owners can now conveniently calculate and pay taxes online through the Revenue Department's website.

Lake View County Apartments for Rent

Lakeview County apartments offer a refreshing alternative to metro living, boasting serene environments, lower property taxes, and potential for passive income through rentals.

Property tax for buyer

India's real estate market is booming. TDS applies to property transactions exceeding ₹50L. Buyers must deduct 1% TDS, deposit it with the Income Tax Dept.

Karnataka government's to cut guidance value, can boost property market!

Karnataka Government plans to cut guidance values by December, potentially boosting the property market. A lower guidance value is expected to increase property registrations and government revenue.

Gujarat government offers property tax waiver for restaurants, hotels, resorts & water parks for FY21-22

Gujarat govt. announced 100% property tax exemption for hotels, restaurants, resorts, and water parks for FY2021-22, alongside revoking flat electricity bills, offering substantial relief to the hospitality sector.

Why Pune Cantonment Board (PCB) is Sealing Properties?

Pune Cantonment Board (PCB) to seal properties of tax defaulters who fail to pay dues by March 5, 2021. PCB aims to recover Rs 38 crore from over 12,000 defaulters.

Property Details in Haryana will be Digitized of all Cities- Anil Vij

Haryana government is digitizing property data in 87 urban areas, covering 8 lakh properties in 41 cities, to curb fraudulent practices and improve transparency.

High Court set of PIL on earlier property tax in Bengaluru

The Karnataka High Court addressed a PIL regarding Bruhat Bengaluru Mahanagar Palike's property tax collection. The court instructed the commissioner to acknowledge a representation by Bharatha Surachana Mandala within three months.

Decision under analysis for hike in Pune Property tax

The standing committee is considering revising a previously approved property tax hike to fund 24x7 water supplies, which faced opposition from various political parties.

Property tax rebate to 5% till june in Bengaluru

BBMP may extend the 5% property tax rebate until the end of June. The BBMP Council will decide in the next two days. This follows taxpayer confusion over new tax zones.

Builder area residents denied to pay taxes to MCG

Gurgaon residents refuse to pay property tax until MCG takes over services from private builders. Court hearing scheduled for December 2nd.

Property owners hail civic body tax formula in Mumbai

The Mumbai property association is challenging the revised property tax calculation method, seeking a fair resolution that considers property owners' financial capacity.

MCG gets nod to resume property tax collection

The Haryana Government's special panel has approved the municipal corporation in Gurgaon to resume property tax collection, following a suspension due to billing errors.

Property Transactions Set to Go Costlier

West Bengal's new property tax proposal faces criticism from CREDAI Bengal, citing increased transaction costs and negative impacts on the real estate sector due to inflated property valuations.

E-Payment of Property Tax Troubles Bangalore Residents

Bangalore's e-payment of property tax system faces criticism as many residents lack access, forcing them to visit tax offices despite promises of convenience.

BMC grants 3-months more for paying property tax bills

BMC extends property tax deadline by three months in Mumbai. Citizens protested against the new capital value-based system, citing high tax burdens and the inclusion of dues from previous years.

Budget 2013 proposes 1% TDS on Rs.50 lakh Apts, by June

A proposed 1% TDS on homes exceeding Rs. 50 lakh, outlined in Budget 2013, is set to take effect in June, potentially impacting luxury housing sales.