Cut in stamp duty while land rates hiked
According to a report published in the Deccan Chronicle, "the state has decided to increase the market value of land to offset the imminent loss to the exchequer due to reduction in the stamp duty. Land values in urban areas will increase between 10 to 20 per cent…"
Further, the report notes "flats will face composite rate of land, building.
Old: Rs. 600 per sft for RCC structures plus prevailing land cost for undivided share of land.
New: Composite rate will be Rs.1,500 per sft."
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