No increase in registration fee for home buyers. Untrue.. tamilnadu government explanation! CHENNAI: The Deed Registration Department has given an explanation after the news that the deed registration fee for flats has been increased by two times. It has been reported that the same procedure as it was from 2012 to 2020 is being emphasized now and the information being spread about the increase in registration fees for home buyers is untrue. It has been reported that the registration fee for fully completed flats in tamil Nadu has been increased up to two times and for an apartment worth Rs 25 lakh, the maximum registration fee was Rs 1.15 lakh, but now Rs 2.25 lakh has to be paid. This was opposed by various parties. In this case, an explanation has been given by the registration department. Banks now open only 5 days a week? Release announcement! In a statement issued by the government Secretary of the Department of Commercial Taxes and Registration of Employees in Kushi, "Construction companies who want to build flats first buy the land and plan to build flats there and enter into a construction contract with those who come to buy the flats. Recommended Video Manipur problem is caused by foreign conspiracy - Kolakala Srinivas, Journalist When coming to the deed offices to register the documents in the names of the prospective buyers of the flats, the sale deed for the undivided plot of the said land and the construction agreement document are registered separately. For the sale deed of the undivided plot, a stamp duty of 7% of the market guide value of the plot and 2% of the registration fee is charged as per the current schedule. Stamp duty and 7% registration fee was charged on the construction cost of the flat for the construction contract document entered into between the buyer and the builder. This registration fee alone has been increased by 2% from 10.07.2023 and 1% stamp duty and 3% registration fee is being charged on the construction cost. This procedure is applicable only for documents registered before construction of flats. An advice was given last year 2020 that there is no need for the registrars to insist that the apartment should be mentioned in the document while coming to register such documents. But with time some started misusing this advice. 60 land.. who are they? For the 2nd day, the enforcement department choked Senthil Balaji.. for 9 hours every day! After 2020, construction companies have been following the practice of writing only the construction contract deed and undivided land sale deed, even after the completion of the construction, even in the cases where the construction of the flats is completely completed and delivered, instead of writing the sale bill directly to the users and registering the documents. Documents relating to fully completed flats were being misused and registered as construction agreement documents paying only 1% stamp duty and 3% registration fee after 2020 advice instead of being registered as sale deed to avoid payment of 7% stamp duty and 2% registration fee to the government. In 2020, the registrars were advised not to mention the existence of the building in the document while registering the document, so the registrars were unable to raise questions about the building in such cases. Thus, buyers of fully completed flats continue to register construction contracts instead of leasing them from construction companies, which may lead to problems in repurchasing the flats in the future. In view of this, only the earlier advice not to insist on proof of completion of construction of the building while registering the documents has now been withdrawn and stamp duty and registration fee for flats has not been increased. Buyers of fully constructed flats have been able to purchase both the undivided part of the plot and the flat directly from the construction companies. Independence day leave.. 500 special bus from Chennai! The mass notification issued by the Transport Corporation hereby confirms the flat occupancy
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