Brace yourself to shell out more for purchasing property in the Capital.On Monday, the Sheila Dikshit government raised the registration fees that property buyers need to pay to have their purchase documents authenticated.
Currently, buyers have to pay a flat Rs 100 as registration fees to buy property of any size. Now, this rate will go up to Rs 50,000. Property buyers are expected to add Rs 100 crore to the state exchequer after the hike, revenue officials said.
With this move, the Delhi government has resorted once again to increasing taxes. Last month public outrage had forced the government to partially roll back huge tax hikes announced in the annual state budget.
Dikshit cited a crippling funds crunch when she imposed massive tax hikes in the budget that finance officials had hoped would add Rs 1,130 crore to the kitty.
However, taxes on key commodities such as tea, coffee, domestic gas cylinders and CNG were later withdrawn partially or in full. This set back the government's tax mop up target by an estimated Rs 200 crore.
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With thanks : source : MAIL TODAY
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