Now buying property in the capital of the country will become expensive. The reason for this is the decision of MCD to increase the transfer fee levied on the registration of property by one percent. However, this hike will be effective only on the purchase of property valued above Rs 25 lakh.
It is being told that after one percent property transfer fee, the revenue of the Municipal Corporation of Delhi is estimated to increase by Rs 1000 crore annually. This will help the corporation to improve its financial condition. This proposal will be sent to the Delhi government for approval. After getting permission from him, it will be implemented.
After the MCD came into existence, the proposal was approved in the first agenda meeting chaired by Special Officer Ashwani Kumar on Tuesday. About 15 proposals were discussed in the meeting. At present, the Delhi government charges six percent as stamp duty from men, while four percent from women. In this, the share of MCD is three percent for men, while two percent for women. After the decision to increase the fee, this fee will be four percent for men and three percent for women.
It is noteworthy that in the year 2020, the then South Delhi Municipal Corporation had approved the proposal for this increase, but it could not be implemented due to a lack of approval from the Delhi Government. The Northern Corporation had also approved this proposal, whereas in the Eastern Corporation this resolution was not passed. After the merger of the three corporations, the MCD has approved the proposal for this hike to bring uniformity to the fee.
Instructions to all departments to increase the sources of revenue
The financial position of MCD is not good, as the annual expenditure of the corporation with a revenue of 7,200 crores is nine thousand crores. Not only are the development works hampered, but there is also a problem in paying salaries to the workers. Because of this, the corporation has asked all the departments to prepare a plan to increase the revenue.
Ganesh Chaturthi: From Rohit Sharma to these IND stars welcomed Ganpati Bappa, 'Virushka' stole the show
Ganesh Chaturthi is being celebrated with great pomp across the country. From the Bollywood industry to the cricket world, everyone welcomed Bappa with enthusiasm today. Many cricketers shared
Lok Sabha Election 2024: P. Chidambaram raised questions on BJP's manifesto, said- BJP's manifesto has disappeared
Congress leader P. Chidambaram on Tuesday said that the BJP's manifesto for the Lok Sabha elections has disappeared after the announcement. On the other hand, the Congress manifesto has gained
Congress: The election of the new president becomes a challenge for the Congress, will the party bet on a non-Gandhi instead of Rahul Gandhi?
For the new President of the Congress party, once again the discussion of the name Rahul Gandhi has started gaining momentum. However, Rahul Gandhi has not yet expressed his consent to his name as the
Why Nitish's compulsion for everyone? : Sushasan Babu guarantees 16% votes in Bihar, and 6% votes in UP; benefit the one with whom
Bihar Chief Minister Nitish Kumar broke ties with the country's largest party BJP and once again joined hands with RJD. Nitish's move was shocking. Nitish became the CM of Bihar for the eighth time,
PM Modi: PM will address the meeting of Home Ministers, Home Secretaries, and DGP, and will discuss internal security
After the Diwali festival, Prime Minister Narendra Modi will address the Chintan Shivir of Home Ministers and DGPs of the states through video conferencing on Friday. The PMO said that this program
Rahul Gandhi told the police at the Ghazipur border- take me in your car but let me go to Sambhal.
Leader of Opposition in Lok Sabha Rahul Gandhi is going to Sambhal in UP. Meanwhile, the police have stopped him at the Ghazipur border. Rahul is accompanied by his sister and Wayanad MP Priyanka
India's power shown in Commonwealth: India won medals in 12 sports in Birmingham; Better performance than 2018 in Wrestling, TT, Athletics and Badminton
In the Birmingham Commonwealth Games, India finished fourth with a total of 61 medals, including 21 gold. In the 2018 Goldcoast Games, we were third with 66 medals including 26 gold. That is, in four
Supreme Court: Refusing to hear plea for SIT probe into the massacre of Kashmiri Pandits, Taplu withdraws application
The Supreme Court today refused to hear a plea seeking an SIT probe into the 1989 massacre of Kashmiri Pandits. The petition was filed by Ashutosh Taplu, son of Tika Lal Taplu, who was killed in the
Petrol Diesel Price Today: Oil companies have released the prices of petrol and diesel, know how much the prices are in your city
Petrol Diesel Price: Oil companies have released the prices of petrol and diesel for today. Today companies have changed the prices of oil in Delhi and Chennai. A few months back, the government
Iranian women took to the streets against the hijab: and publicly removed the veil in protest against the Islamic law, put the video on social media
Iran is one of the countries where wearing an Islamic hijab is mandatory for women. Iranian women on Tuesday launched an anti-hijab campaign across the country and posted a video on social media
