"e-Stamping". 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. 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. The ready reckoner rates serve as the biggest revenue source to the state governments. It is safe, hassle free and tamper-proof option for your stamping needs. This is done through stamp duty ready reckoner, or announcement of circle rates, etc., which are generally notified every year. Earlier this month, the state government increased the ready reckoner rates (RRR) by an average of 1.74 per cent across the state. If you had received the property as a gift, or as an inheritance, or had constructed it during any year after April 1, 2001, then, you can take the ready reckoner value to find out the fair market value of the property. 2. At this point, note that circle rates vary from locality to locality. So, the concept of fair market value is important for finding out the cost of acquisition, for capital gains purposes. The ready reckoner rates, which are prices of a residential property, land or commercial property for a given area, are published on March 31 every year. (The author is chief editor – Apnapaisa and a tax and investment expert, with 35 years’ experience). 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. property rate changes every financial year when I writing this post this time it is 2019 – 20 financial year is running. Date of effect Notification of the Maharashtra Tax Laws (Levy and Amendment) Act, 2001 (Mah. This is done through stamp duty, It is important to note that the rates stated in the stamp duty ready reckoner are not mandatory and are just guidelines. Revised Stamp Duty and Ready Reckoner Rates for Maharashtra in 2014. Stamp duty could be paid legally without adjudication, on
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 The fee that a registered valuer can charge, is already prescribed under the laws. Road, o n South and West by village bo undary: Rs 96,500 Bound on North and West by vil lage boundary, on East by S.V. You can obtain a valuation report, from a valuer who is registered under the wealth tax rules and who is recognised for determining the fair market value for income tax purposes. Road: Rs 1.16 Lakh Swami Vivekanand Road Borivali: Rs 1.18 Lakh Bound on North by 90 Feet wide road, on East by S.V. The Income-Tax Department generally accepts the valuation report of the registered valuer. The registered valuer inspects the property and based on his inspection and other relevant considerations and circumstances, gives the valuation report stating the fair market value of the property, along with the basis for arriving at the valuation. Stamp Duty Rates in Thane for Sale Agreement (W.E.F. DISCLAIMER :Information owned, maintained and updated by : Dept. Even if the seller plans to charge an amount that is lower than the per sq ft circle rate, you will have to pay stamp duty based on the prevalent circle rate. Welcome to Ready Reckoner a website which entirely covers pan India real estate information like stamp duty, property registration, e-stamping,stamp duty on residential property, stamp duty on commercial property, vastu shastra for flats and offices, home loans,valuation and other legalities related to real estate.. view more, Replacement of franking by online payment, Revised Stamp Duty and Ready Reckoner Rates for Maharashtra in 2014, Rates of Stamp Duty and Registration Fees in Thane, Stamp Duty Rates in Thane for Leave and Licence Agreement, Thane Stamp Duty Rates for Sale Agreement, Stamp Duty Rates for Leave & Licence Calculation, Stamp Duty Rates for Residential and Non-Residential Property. What is Ready Reckoner Rate in Maharashtra? See also: How to avail exemptions and save on long-term capital gains tax, from the sale of a residential house. If the property is being sold at a higher rate than the circle rate, the stamp duty will be calculated, based on the transaction cost in this case. 1100 and for drum it … 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. These articles, the information therein and their other contents are for information purposes only. This may happen due to the reason that the rates declared in the stamp duty ready reckoner are uniform for the same plot of land, without there being any reference to the conditions of the property and any legal dispute around the property at that point of time. The Maharashtra government issued its first ready reckoner on January 1, 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. 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. पा. It becomes more difficult, in case you have to find out the fair market value for properties as old as 2001. 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. The users should exercise due caution and/or seek independent advice before they make any decision or take any action on the basis of such information or other contents. Builders say reduction in Mumbai too small and the increase in MMR and the rest of state bad for business. 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. All views and/or recommendations are those of the concerned author personally and made purely for information purposes. Sudhakar Dange, The Deputy Chief ... Rate by Manoj steel for cooker was Rs. Although RR rates for Mumbai have been reduced marginally by 0.6%, the average increase for the rest of the state, including MMR, is 1.74%. Chief minister Uddhav Thackeray may put this year’s revision of ready reckoner (RR) rates on hold following allegations of selective reduction by … Most of the plots in the Versova-Oshiwara-Goregaon belt. So, if the agreement value is lower than the fair market value, both, the buyer and the seller will be impacted. 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 Ready Reckoner has details of each property location and a pre-determined value which the Government revises in December end every year. A video multiplexer is disclosed which incorporates a dynamic rate control feature. You can easily search for Ready Reckoner values (market values) for properties as per property location / village, CTS No, Zone & Sub Zone anywhere, anytime. If the property is held for more than two years, you are allowed to avail of the benefit of indexation, on the costs. It is important to note that the rates stated in the stamp duty ready reckoner are not mandatory and are just guidelines.
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