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In a setback to the real estate industry as well as flat buyers, the state government on Wednesday decided not to extend the cut on stamp duty on property registrations. Ready reckoner (RR) rates, though, remain unchanged for the 2021-22 financial year.
The slashing of stamp duty in Mumbai from 5% to 2% from September to December 2020, and 3% till March 31, 2021, had boosted residential realty sales.
On a brighter note, the 1% stamp duty waiver for women home buyers, as announced in the state budget on March 8, would come into effect from Thursday. The concession is only for residential units and not for land. Besides, the concession will not be applicable if there is a male co-owner of the unit.
Maharashtra: Property registrations from Sept to Nov highest for these months in 4 years
ByNisha NambiarNisha Nambiar / Updated: Dec 20, 2020, 10:57 IST
PUNE:
Property registrations in the state in three months from September to November this year was highest in comparison to the figures for the corresponding period in the past four years and a record 17,000 documents were registered on Friday the highest single day number after the Covid-19 outbreak, sending a positive vibe to the economy.
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A total of 7,96,617 documents were registered from September to November this year. The distant second for the corresponding period in the past four years is the figures of 2018, when a total of 5,71,326 properties were registered from September to November.
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PUNE: Property registrations in the state in three months from September to November this year was highest in comparison to the figures for the corresponding period in the past four years and a record 17,000 documents were registered on Friday the highest single day number after the Covid-19 outbreak, sending a positive vibe to the economy.
A total of 7,96,617 documents were registered from September to November this year. The distant second for the corresponding period in the past four years is the figures of 2018, when a total of 5,71,326 properties were registered from September to November.
The number of documents registered till December 17 this year is also encouraging. As many as 2,36,414 properties have been registered this month so far in comparison to 2,39,292 in the entire December 2019 the second highest for the month in the past four years.