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Stamp Duty Blog

Stamp Duty Blog

Stamp Duty and Registration Realted Blog, E-Stamping, Ready Reckoner
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Articles : 16
Since : 22/02/2011

Articles to discover

What are the tax benefits of home loans?

Both principal as well as interest of home loans attract tax benefits. With effect from 1st April 2005 (i.e. assessment year 2005-07) under section 80C of the Income Tax Act 1965: Principal amount of repayment of loan along with other savings such as PF, PPF, Life Insurance premium etc up to a maximum of Rs 1,00,000/- will be eligible for deduction

How do I find out the Stamp Duty Payable on my property?

You can find out the market value of your property and the stamp duty amount on it from the Ready Reckoner as follows:- • You should know the division/village name and C.S. /C.T.S. number of your property. • From the Ready Reckoner, locate your valuation zone and sub-zone with the help of the division/village name and C.S./C.T.S. number of your

Why does it take so long time for documents to be returned in old cases?

The above mentioned procedure is one of the reasons but the major reasons due to which the document remained pending at the office of sub-registrar and not being indexed and not returned to the Owner are as follows:- Stamp Duty was not paid according to the “Market Value”. Income Tax Clearance certificate U/s 230 was not attached where required

What are the charges other than interest rates that are levied by Home loan lenders

1. Administrative/processing fees: Most banks charge processing or administrative fees, either separately or include them in the loan amount. 2. Prepayment charges: These are the main charges consumers should take into account while selecting a bank. Banks charge a penalty for part or full prepayment but they may reduce or waive these charges for b

If you have always wandered what regiIf you have always wandered what registration involves, read on The Sub-Registrar of Assurances does the following

He verifies the document to ascertain whether it is legal to register it. He further verifies that the full stamp duty is paid. In his presence all parties executing the document admit that they have executed the document presented for registration. Parties who are present and admitting to execute the document are then personally identified by two

What is Registration?

Registration is the process of recording a copy of a document, transferring the title in immovable property to the office of the Registrar. Registration acts as proof that a transaction has taken place. The registration of a document serves as a notice of the transaction, to the persons affected by the transaction. Registration also serves as an im

Of course, you can sell the house even when the home loan is outstanding but you will have to take care of the following things: 1.You will need a consent letter from your home loan lender. This let

Of course, you can sell the house even when the home loan is outstanding but you will have to take care of the following things: 1.You will need a consent letter from your home loan lender. This letter usually contains the amount at which the home loan would be considered fully paid off. This amount would also be inclusive of prepayment charges as

Home Loan FAQs

Owning a home of own is a dream for every person. Lots of people go for any bank loan in the case they can not afford to pay the full price of a house. Banks and other financial institutions offer home loans to people who meet the required eligibility. Due to the booming Indian economy, there is a lot of competition among banks to offer various kin