With the view to organize the political party scheme of providing 1 kg rice for Re.1, the government is planning to clear up the revenue from all revenue departments. According to the revenue Minister, there would be sudden increase in the revenue and stamp duty.To keep the real estate sector stable, one of the political parties has reduced the stamp duty to 5% from 6% but now the opposition party is expected to reverse the stamp duty and increase it above 6%. In March, the budget which was presented has set a target of collecting Rs. 6,100 crore from stamp duty and property registration for the year 2013-14. The upcoming budget which would be presented on July 12th has a probability to see an increase in target by Rs. 1,000 crore. The target for Rs. 5,200 was fixed for the department for the year 2012-13.According to a source, the Joint Development Agreements (JDA) will also see a drastic change. 2 years back, this agreement was treated equally as the sales agreement as it was attracting 6%stamp duty with 1% registration fee. In the year 2012, the stamp duty was decreased by the government from 6% to 1% on the property’s market value.Now, the 1% fee would be scrapped and the proposed budget would fix an amount of Rs. 1.5 lakh on JDA fee. In the budget discussion, Rs. 200 was fixed as registration fee for JDA along with Power of Attorney.The provision regarding registration related to Bangalore Urban district and the attainment of the encumbrance certificate from any registration office is likely to continue.займ на карту без отказов круглосуточновзять кредит онлайн