General
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Property Tax in Delhi: How is Property Tax Calculated?
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Property tax in Delhi, governed by the Municipal Corporation of Delhi (MCD), follows the Unit Area System (UAS) for calculation. The tax amount is determined by factors like the property’s location, size, usage, age, and occupancy type. Below is an updated, detailed guide to understanding property tax calculation, rates, rebates, and exemptions for residential and…
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How to Check for Loans on a Property Before Buying?
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Planning to buy a property anywhere in India? It’s an exciting step, but you need to be careful! Some sellers defraud buyers by hiding the fact that their property is mortgaged, and buyers only find out when the bank or lender claims the property after the sale. You can stay safe by checking for any…
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Sarojini Nagar: Delhi’s Bustling Retail and Cultural Hub
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Sarojini Nagar, located in South Delhi, is not just a shopping destination but a lively cultural experience. Known for its affordable fashion and energetic street markets, it has become a must-visit spot for both locals and tourists. Over time, it has established itself as a major retail and cultural center in Delhi, offering everything from…
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What is Circle Rate in Indian Real Estate?
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When buying or selling property in India, the term circle rate (also known as guideline value or ready reckoner rate in certain states) is crucial. This rate is the minimum value at which a property must be registered, as set by the government. The circle rate directly influences the calculation of stamp duty and registration…
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Why DDA Housing Schemes Are Failing to Excite Buyers?
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The Delhi Development Authority (DDA) has long been a cornerstone of affordable housing in the capital. Housing schemes launched by DDA generated huge excitement among homebuyers. Not any more. With thousands of flats remaining unsold across the capital, DDA housing schemes are failing to attract buyers. Even with reduced prices and new initiatives, the DDA…
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Understanding Real Estate Terms: Super Built-Up Area, Built-Up Area & Carpet Area
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When buying property in India, it’s important to understand the terms carpet area, built-up area, and super built-up area. These measurements define the size of the space you’re purchasing. With the introduction of the Real Estate (Regulation and Development) Act, 2016 (RERA), there is now more clarity in how properties are measured and sold, particularly…
Recent Posts
- Property Tax in Delhi: How is Property Tax Calculated?
- YEIDA Launches New Residential Plot Scheme Near Noida International Airport
- Noida Authority Makes Tripartite Sale Agreement Mandatory to Protect Apartment Buyers
- How to Check for Loans on a Property Before Buying?
- Sarojini Nagar: Delhi’s Bustling Retail and Cultural Hub