Kolkata: The apex body or realty builders, Confederation of Real Estate Developers’ Associations of India (CREDAI) officials have appreciated the latest movement of the West Bengal government to rationalize the valuation of properties. CREDAI has also openly welcomed this new move and has commended on the decision of the state government.According to this apex body, the government of West Bengal has understood the significance of the implications which was caused by the variation property evaluation by registration authorities and their real market price.The CREDAI President of Bengal chapter said that since it was important to bring in positive sentiment in the real estate market by helping the numerous buyers particularly belonging to Lower Income Group and Mid Income Group, it became extremely crucial to rationalize the valuation of properties by introducing circle rates to rational market values.Currently, the financial department of the state has altered the built-up space valuation of residential as well as commercial properties in few of the localities of Sector V, Salt Lake. In well-developed and high-class areas like Alipore and Ballygunge, CREDAI has asked for a modification in property valuation as the value was found to less than what was expected.Apart from this there was also initiation of new Income Tax Act provisions. According to the new provision, as an estimated income, additional income tax of 32% will be incurred on the difference value between the registration authority valuation and the actual cost of the property. Industries which were in misery due to high stamp values will also be benefited by the rationalization.займ на карту без отказов круглосуточновзять кредит онлайн