A Chartered Accountant has sparked fresh debate by arguing that buying homes in urban India can be a poor financial deal compared to renting. Citing cities like Mumbai and Bengaluru, he notes rental yields stay low while home loan interest rates remain high, widening the gap for buyers. He adds that stamp duty and registration can take 5–7% upfront, worsening the upfront cost.
Telangana’s Registration and Stamp department is preparing a major revision to property registration values, with projected increases of 20% to 100% across the state. The change is meant to narrow the gap between government valuations and prevailing market prices, with western Hyderabad localities like Kokapet and Gachibowli expected to face higher hikes. Officials also expect a sizable rise in registration revenue.
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The Centre has extended five state laws to the Union Territory of Chandigarh, aiming to modernise the legal framework, improve transparency, and make daily life and business smoother. The changes introduce updates around stamp duty, property records, tenancy, fire safety, and measures to prevent human smuggling, with the broader goal of closing legal gaps and boosting governance efficiency.
Mumbai’s property market hit a record-breaking April, with over 14,160 registrations and more than Rs 1,143 crore in stamp duty revenue. Registrations rose 8.2% year-on-year, while stamp duty collections grew 3.3%. Analysts say the numbers point to resilient end-user demand and a subtle shift in the transaction mix toward mid-ticket housing.
The ITAT has ruled that stamp duty valuation for urban areas does not automatically determine a property’s agricultural status for income tax. The tribunal cited official revenue records, evidence of actual cultivation, and the absence of formal conversion as key determinants. The decision limits tax additions that buyers may face when urban stamp duty rates inflate valuations.
ArcelorMittal India is facing an enquiry after allegations of stamp duty irregularities linked to KSS Petron, a group company. Creditors claim stamp duty was wrongly handled during the assignment of loans ahead of KSS Petron’s acquisition of Essar Steel under the IBC. The matter is now under review, with scrutiny on how the duty was paid during the lead-up to the deal.
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