Impact of Coronavirus on Indian real estate, COVID-19: How to sanitise vegetables, milk packets, deliveries and more. Housing.com does not offer any such advice. A video multiplexer is disclosed which incorporates a dynamic rate control feature. 7th May, 2005(For Thane & Navi Murnbai Municipal Corporations jurisdiction) As per Article 36A (a)(ii)(1) & (2) of the S... Property Registration Fees in Thane(W.E.F. Most of the plots in the Versova-Oshiwara-Goregaon belt. However, it is not as easy to find out the fair market value of a property as it seems, because the real estate market is a very heterogeneous market, where the rates of properties can vary very much, even within the same area. All views and/or recommendations are those of the concerned author personally and made purely for information purposes. So, the concept of fair market value is important for finding out the cost of acquisition, for capital gains purposes. It becomes more difficult, in case you have to find out the fair market value for properties as old as 2001. See also: How to avail exemptions and save on long-term capital gains tax, from the sale of a residential house. property rate changes every financial year when I writing this post this time it is 2019 – 20 financial year is running. Tags: #Godrej Central Park #Maval #Khandala By Aditya 2 years ago 4100 views So, if the agreement value is lower than the fair market value, both, the buyer and the seller will be impacted. They are revised from time to time by the local authorities, to keep the value close to the existing market value of property in a particular area. Vikram Jagtap I provide Document Review, Drafting, and Registration Services in Pune & Mumbai. Will property prices crash in India due to the Coronavirus outbreak? It is safe, hassle free and tamper-proof option for your stamping needs. You can do calculations for Residential Flat, Bungalow / Duplex / Row House, Commercial Office, Shop and Industrial Unit on the click of your mouse or even on your mobile. Home / Cities / Plot for Thane Metro casting yard to be given to MMRDA at ready reckoner rate The Kolshet plot was given to the Metro4 (in pic) contractor by the TMC temporarily free of cost. The registered valuer follows a standard process for the purpose of arriving at the valuation and issues a detailed valuation report for the same. (The author is chief editor – Apnapaisa and a tax and investment expert, with 35 years’ experience). So, if you feel that the stamp duty/, Importance of fair market value under the income tax laws, How to find out the fair market value of a property, Griha Pravesh Muhurat 2020: Best dates for a house warming ceremony. न. Any buyer cannot buy below this ready reckoner value and the minimum agreement must be above or at par with the government values. So, you can find out the fair market value from the stamp duty ready reckoner of 2001, if the property was acquired prior to April 1, 2019. Housing.com shall not be liable in any manner (whether in law, contract, tort, by negligence, products liability or otherwise) for any losses, injury or damage (whether direct or indirect, special, incidental or consequential) suffered by such person as a result of anyone applying the information (or any other contents) in these articles or making any investment decision on the basis of such information (or any such contents), or otherwise. The difference between the agreement value and the fair market value, if it is more than 5%, is taxed in the hands of the buyer, as well as the seller, under different provisions of the income tax laws. Earlier this month, the state government increased the ready reckoner rates (RRR) by an average of 1.74 per cent across the state. Also the documents required while taking loan from the banks are mentioned.... Thane Stamp Duty Rates For Leave & Licence AgreementW.E.F. So, you can find out the fair market value from the stamp duty ready reckoner of 2001, if the property was acquired prior to April 1, 2019. Ready reckoner rate, also known as circle rate, is the minimum price below at which a property can be registered in case of its transfer. You can also obtain the services of a registered valuer, if you feel that the valuation as per the ready reckoner is on the higher side. Builders say reduction in Mumbai too small and the increase in MMR and the rest of state bad for business. so the current rate is available as per current financial years. We look at the importance of fair market value under the tax laws and how one can arrive at or obtain the fair market value of a property, How to arrive at the fair market value of a property, and its importance in income tax laws, Likewise, if the price stated in the agreement is lower than the, In order to avoid under-reporting of the consideration in sale agreements (which is done to avoid payment of appropriate stamp duty),  states have introduced the system of predefined prices, depending on the area and nature of construction. for NRIs to buy property in India For many important reasons, people dwelling outside India that is Non Resident Indians (NRIs), Person of Indian Origins (PIOs) and foreign nationals have been procuring immovable pro... Property Registration Offices in ThaneList of the property registration offices in Thane with the details of Designation of Sub-registrars, their Office addresses and Telephone Numbers: ... Information on e-Stamping in ThaneThe Government has introduced new initiative to stamp your documents & agreements, i.e. From 23rd Dec 2013 all Registration offices have stopped accepting Franked documents as part of the stamp duty payment method although there is no official notice issued to this effect till now. सन २०१७ आर्थिक वर्षानुसार मूल्य दर २०१७ - १८ At this point, note that circle rates vary from locality to locality. The ready reckoner rates serve as the biggest revenue source to the state governments. No warranties, guarantees, promises and/or representations of any kind, express or implied, are given as to (a) the nature, standard, quality, reliability, accuracy or otherwise of the information and views provided in (and other contents of) the articles or (b) the suitability, applicability or otherwise of such information, views, or other contents for any person’s circumstances. Road, on South by 90 Feet wid e road: Rs 95,300 ready reckoner also helps you to calculate your agreement taxes, government … So, if you feel that the stamp duty/ circle rates are higher by more than 105%, you should obtain a valuation report from a valuer, to substantiate your case at the time of making the deal, without having to wait for your case being selected for detailed scrutiny. This is done through stamp duty ready reckoner, or announcement of circle rates, etc., which are generally notified every year. Will real estate market sentiment improve once the COVID-19 vaccine rollout starts? XXII of 2001) dated 30th April, 2001 Finance Department Mantralaya, Mumbai 400 032, dated the 30th April, 2001 Maharashtra Tax Laws (Levy and Amendment) Act, 2001 Using of e-stamp duty ready reckoner year wise which we have provided for the year 2015-16, 2016-17, 2017-18 and 2018-19, 2019-20, and 2020-21 from which you can search current and previous year ready reckoner rates applicable for calculation of government tax such as stamp duty, registration fee along with guideline for calculating the market value of the property. In order to avoid under-reporting of the consideration in sale agreements (which is done to avoid payment of appropriate stamp duty),  states have introduced the system of predefined prices, depending on the area and nature of construction. - Explained in Hindi. Thane 2020-21 RELEASED Price Rs.600 . If the property is held for more than two years, you are allowed to avail of the benefit of indexation, on the costs. 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