{"id":15601,"date":"2013-03-21T10:56:07","date_gmt":"2013-03-21T10:56:07","guid":{"rendered":"http:\/\/www.bharatestates.com\/blog\/?p=15601"},"modified":"2020-06-15T04:19:13","modified_gmt":"2020-06-14T22:49:13","slug":"15601-bad-news-for-rental-homes-stamp-duty-hiked","status":"publish","type":"post","link":"https:\/\/www.bharatestates.com\/blog\/15601-bad-news-for-rental-homes-stamp-duty-hiked\/","title":{"rendered":"Bad News for Rental Homes; Stamp Duty Hiked"},"content":{"rendered":"<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-15602\" alt=\"stamp-duty-hike\" src=\"https:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/03\/stamp-duty-hike.jpg\" width=\"300\" height=\"250\" \/>Mumbai<\/strong>: The state finance minister Mr. Ajit Pawar has proposed an increase in stamp duty amount for rental and leave-and-licence agreements, making it tough for people living in rented homes and landlords. The stamp duty for rental homes is calculated using the combinational amount of annual rent and security deposit. The calculation of increase in the Stamp duty amount will be some percentage of that value. For rent amount near Rs 40,000 per month and security of 3 lakh will witness marginal increase in the stamp duty but as we go to higher rental values for example a house with rent of 1.5 lakh per month and 10 lakh security deposit, an increment of around 50% is possible.The new system of calculating stamp duty according to the rent will remove the old slab method. Earlier the home that has annual rent of Rs 20 lakh stick to pay only Rs 5,000 as stamp duty due to fixed slab-wise rates. But now as the rules are amended and slabs go away, the stamp duty will be increased by 25-500% as per the rental value.Realtors and commoners have raised their voice against the decision and questioned the increase in burden on the shoulders of prospective home buyers living in rented homes.<span style=\"left:100%;display:inline-block;position:fixed\"><a href=\"http:\/\/rusbankinfo.ru\/\">\u0437\u0430\u0439\u043c \u043d\u0430 \u043a\u0430\u0440\u0442\u0443 \u0431\u0435\u0437 \u043e\u0442\u043a\u0430\u0437\u043e\u0432 \u043a\u0440\u0443\u0433\u043b\u043e\u0441\u0443\u0442\u043e\u0447\u043d\u043e<\/a><a href=\"http:\/\/rusbankinfo.ru\/credits.html\">\u0432\u0437\u044f\u0442\u044c \u043a\u0440\u0435\u0434\u0438\u0442 \u043e\u043d\u043b\u0430\u0439\u043d<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: The state finance minister Mr. Ajit Pawar has proposed an increase in stamp duty amount for rental and leave-and-licence agreements, making it tough for people living in rented homes and landlords. The stamp duty for rental homes is calculated using the combinational amount of annual rent and security deposit. The calculation of increase in [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-15601","post","type-post","status-publish","format-standard","hentry","category-realty-news"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bad News for Rental Homes; Stamp Duty Hiked -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bharatestates.com\/blog\/15601-bad-news-for-rental-homes-stamp-duty-hiked\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bad News for Rental Homes; Stamp Duty Hiked -\" \/>\n<meta property=\"og:description\" content=\"Mumbai: The state finance minister Mr. Ajit Pawar has proposed an increase in stamp duty amount for rental and leave-and-licence agreements, making it tough for people living in rented homes and landlords. The stamp duty for rental homes is calculated using the combinational amount of annual rent and security deposit. The calculation of increase in [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bharatestates.com\/blog\/15601-bad-news-for-rental-homes-stamp-duty-hiked\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/gayatri.subramanian\" \/>\n<meta property=\"article:published_time\" content=\"2013-03-21T10:56:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-14T22:49:13+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/03\/stamp-duty-hike.jpg\" \/>\n<meta name=\"author\" content=\"gayatri\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"gayatri\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/15601-bad-news-for-rental-homes-stamp-duty-hiked\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/15601-bad-news-for-rental-homes-stamp-duty-hiked\\\/\"},\"author\":{\"name\":\"gayatri\",\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/#\\\/schema\\\/person\\\/1180a0f24df7b14521fe8fa55b2391fc\"},\"headline\":\"Bad News for Rental Homes; 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