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What is depreciation of property?
Posted: September 6th, 2021|Leave a commentDepreciation of property value is the decrease or dip in the selling value of your home. This is calculated as the ‘factor’ product of the total value of the property with the age of construction. For independent houses, it is the building component which depreciates while the land is valued at market price.
Model Tenancy Act (MTA) 2021
Posted: August 29th, 2021|Leave a commentAfter years of preparation and drafting, the union government has finally given the green light to a Model Tenancy Act (MTA) 2021, which aims to make rent laws more equitable for landlord and tenant, and smoothen the processing of renting a home. Such an act had become necessary to achieve the target of constructing 20 […]
Telangana Govt increase Registration Stamp Duty
Posted: July 21st, 2021|Leave a commentThe State government is likely to increase the stamp duty-cum-registration fee from 6 per cent to 7.5 per cent and the revised rates are expected to be implemented from Thursday. These charges had not been revised in the State for the past eight years.
GHMC get Rs 2,000 crore with E-auction of 50 acres in Hyderabad
Posted: July 16th, 2021|Leave a commentThe Telangana government has earned revenue of over Rs 2,000 crore with the auction of 49.949 acres of land in Kokapet area in Hyderabad with the highest price being Rs 60 crore per acre.
Telangana Govt Enhance Market land values for Non-Agriculture
Posted: June 16th, 2021|Leave a commentAfter deciding to auction unutilised government land, the state government is mulling to increase land values for property registrations. After GST and excise, revenue earned through property registrations is the third highest source of revenue for the government.
40 residential projects in Hyderabad apply for EC in April and May 2021
Posted: June 15th, 2021|Leave a commentDespite the pandemic, the real estate industry in Hyderabad recorded brisk business in April and May, with at least 40 major residential projects of multi-story buildings having applied for permissions.
civic body sets up task force on illegal constructions
Posted: June 12th, 2021|Leave a commentTo regulate unabated unauthorised constructions in the city, the Greater Hyderabad Municipal Corporation (GHMC) has constituted a special task force (STF) to inspect all the ongoing constructions and initiate action, including demolition. The STF will also have powers to seal the buildings.
Resumes Property Registration in Telangana
Posted: May 31st, 2021|Leave a commentRegistration of land, properties and vehicles resumed in Telangana with the extended relaxation hours coming into force in the ongoing lockdown from Monday. The resumption of services came following the decision of the Cabinet to allow registration of lands, properties under the Stamps and Registration Department and vehicles registration under the Transport Department during the […]
What Is Floor Space Index (FSI)
Posted: April 11th, 2021|Leave a commentFSI means the ratio between the area of covered floor (Built up Area) to the area of that plot (land) on which a building stands. This numeric value indicates the total amount of area (on all floors) you can build upon a plot.
State government (TS) to crack whip on illegal land schemes
Posted: April 5th, 2021|Leave a commentCracking the whip for the first time on developers illegally selling undivided share (UDS) of land in realty projects, the Telangana State Real Estate Regulatory Authority (TS-RERA), on Thursday, said that such sales will attract severe punishment – up to 10% of the total project cost.
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