It is suggested by the ministry of urban development to provide a unique identity number (UID) to the property holders of the country for their real estate. The existing property registration is based on who pays the tax on the land or property. During the transfer of a property, the title and the extent...
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UID for Property Holders Help Organize Outdated Land Records
No Mortgage Fee on New Projects Likely
The Municipal Administration and Urban Development (MAUD) on approval with the stamps and registration departments are planning a proposal to scrap the one percent mortgage fee levied on builders undertaking new projects. As per the current norm, 10 percent of the built up area has to be kept as mortgage with the municipal body...