Category: Major Developments

AP Building Rules 2012, Came in to Effect

The Andhra Pradesh Government has issued new building norms, called Andhra Pradesh Building Rules, 2012, which replace 19 GOs issued in the last decade. These rules apply uniformly to municipalities, municipal corporations and urban development authorities. The important rules include:…

TDS on Property Sale May Impact Property Prices

In the budget proposed for the current fiscal year 2012-13, the government has proposed one percent TDS (Tax deduction at source) on the sale of immovable property. According to the new provision, sale of all the immovable properties other than…

Unregistered Sale Deeds Valid: High Court

The high court on March 25th stated that even an unregistered sale deed can become valid evidence in property dispute cases. While delivering the final judgment in a property dispute case, the high court justice mentioned that under section 49…