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Thursday, January 7, 2010

Property tax in Pune real estate market - PMC proposes 22% hike!

Happy new year, Pune property buyers!
Maharashtra Government has already given you 2 New Year Gifts.
Increased Stamp Duty.
1% registration charges.
Now, one more new year gift for you.
From PMC.
22% hike in property tax.
Lucky You!!

The Pune Municipal Corporation (PMC) is likely to turn a killjoy for property owners in the city limits as it has proposed a massive 22 per cent hike in the annual tax tariff, with an aim of raising an additional Rs 150 crore.

“The civic administration had suggested increasing the property tax last year itself. However, it was not approved. We have tabled the proposal this year,” PMC octroi chief Vilas Kanade said.

To read more, please, visit Corporators cry foul over proposed hike - Express India

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  1. Is there any website that can calculate how much you pay for the registeration of the property?

  2. Most properties from auction are on an "As is where is basis", which means you should have done due diligence. Investigated the background of the property before you dove in. In other words, yes, you will have to pay unless you made prior arrangement with the auctioneer before bidding on the property. More Information