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UP Government’s New Mandate Sparks Concern Among Buyers and Developers

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Homebuyers have to pay some percentage of the property’s value as stamp duty to get it registered in the government’s records.

The UP Government’s recent decision to mandate the registration of builder-buyer agreements upon payment of 10% of the flat’s price has sparked significant concern among buyers and developers. Homebuyers have to pay some percentage of the property’s value as stamp duty to get it registered in the government’s records. They also have to pay 1% of the property value as the registration charge for completing the paperwork in Noida and Greater Noida. This approach contrasts with practices in other states, where the agreement to sale typically involves a nominal stamp paper fee between Rs 1,000 to Rs 10,000.

Currently, buyers and builders enter into an initial agreement on a ₹100 stamp paper, and the Authority enters the scene only after the developer has obtained an occupancy certificate and completion certificate for the project. 

Experts say that the move is aimed at safeguarding flat buyers and enhancing revenue collection through stamp duty. The tripartite agreement will include property details, the total cost, payment terms, and the possession date. However, industry leaders express the implications of this mandate, explaining how it affects both homebuyers and the broader real estate market. 

Manoj Gaur, CMD of Gaurs Group and Chairman of CREDAI National, says, “This would not be a favourable practice, as it imposes an unnecessary financial burden on buyers, who already have to arrange a significant amount at the time of booking. In other states, the sale agreement is processed on a nominal stamp paper valued between Rs 1,000 and Rs 10,000, which is not the case here. The proposed 1% non-refundable registration fee that is part of the provision is also a direct loss for buyers. The lack of clarity on the refund policy in case of cancellation adds to the unease. 6% of the builder-buyer cost in stamp duty at the agreement signing stage is a big amount. Typically, 15-20% of bookings in any project are cancelled due to various reasons, which is also mandated by RERA. However, the new rule will cause a huge dent in finance for buyers seeking to cancel their booking as they are already burdened by unforeseen circumstances. The sector is of the view that the present provision would significantly deter the sector in Noida, Greater Noida, Yamuna Expressway, and, in fact, the entire state, where real estate has emerged as a prominent part of the state economy. Therefore, we believe this provision should not be considered as it will impede the growth of the state’s real estate sector.”

Sanjay Sharma, Director, SKA Group, says, “We believe this new mandate by Noida-Greater Noida authorities may create a significant financial strain for homebuyers in Uttar Pradesh. Paying a 6% stamp duty to the government at the agreement signing stage adds to the already high initial costs that buyers face when booking a property. This makes homebuying harder and more expensive for buyers, especially those in the middle-income bracket. With substantial costs already involved in securing a home, this additional burden is likely to discourage potential buyers. Further, the imposition may also affect PM Modi’s vision of Housing for all segments, which addresses the longstanding housing needs of buyers by providing them with safe, secure, and quality housing. Thus, we look forward to the authorities reconsidering this decision, as it could stifle growth in the real estate sector and limit homeownership opportunities for many.”

Under the old norms, the buyers sign an unregistered agreement to sale with the developer for a unit without payment of any stamp duty over the total cost of the builder-buyer agreement. They pay 5% of the total property cost as stamp duty charges when the flat is ready to move and the registry is executed. 

Neeraj Sharma, Managing Director, Escon Infra Realtors, says, “The recent stamp duty imposition on sale agreements could have a stifling effect on real estate transactions. Buyers are already burdened with substantial costs at the time of booking. Buyers require flexibility and clarity in their transactions, and this imposition may bring additional financial pressure and deter them from going forward with purchases. In light of these concerns, we respectfully urge that the government reconsider making this provision applicable within Uttar Pradesh’s real estate sector.”

Mr. Jitendra Goyal, Sales Director, Trisol RED, says, “The financial burden of this policy is likely to make homeownership unattainable for a large segment of the population, thereby hindering the dreams of many families to own a home. Many middle-class families, especially first-time homebuyers, could be priced out of the market by the 6% stamp duty imposed at the initial stage of property transactions. With the Noida, Greater Noida, and Yamuna Expressway regions experiencing a robust surge in sales, we believe this policy may act as a major deterrent to potential buyers. Simplifying procedures and reducing costs would encourage more buyers to enter the market, ultimately benefiting the sector as a whole.”

The government’s decision to mandate flat registration upon a 10% payment has raised significant concerns within the real estate sector. While the move aims to protect buyers and enhance revenue collection, industry leaders urge the government to reconsider the provision to ensure the continued growth of Uttar Pradesh’s real estate sector.

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NDMC Property Tax Collection Counter will remain open from Saturday to Monday (29th to 31st March) for citizens’ facilitation

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New Delhi. To facilitate the taxpayers to deposit the tax and dues and to provide an opportunity to interact with the tax officers to know the pending dues to be deposited, New Delhi Municipal Council (NDMC) has decided to open its Property Tax Collection Counters as well as Tax Office from Saturday to Monday i.e. 29th to 31st March, 2025.

Accordingly, NDMC has announced that the Tax Department at Headquarter – Palika Kendra at Sansad Marg and three Tax Collection Counters at different location – Gole Market, RK Puram and Sansad Marg in New Delhi area shall remain open from Saturday to Monday i.e. 29th to 31st March, 2025 due to end of Financial Year 2024-2025 for collection of Property tax.

NDMC has designated three Payment Collection Counters for payment collection:

1.⁠ ⁠Shaheed Bhagat Singh Place Cash Counter at Gole Market
2.⁠ ⁠Palika Bhawan Cash Counter at RK Puram
3.⁠ ⁠Palika Kendra Cash Counter at Sansad Marg

These NDMC Collection Counters will also entertain the payments from residents/service users / Electricity & Water consumers of the NDMC area for their outstanding electricity & water bills and Estate Properties dues.

Further, the residents/taxpayers/service users of the NDMC area may also make their payments online at their convenience.
 
It is requested that taxpayers pay their property tax dues to NDMC to enable it to provide world-class civic services to its residents.

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Municipal Corporation of Delhi Urges Property Tax Non-Filers in South Zone to Comply Before Deadline

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MCD Issues Urgent Reminder to Property Owners in South Zone for Tax Filing

New Delhi. The Municipal Corporation of Delhi (MCD) has issued a final call to property owners in the South Zone who have yet to file their property tax returns for the financial year 2024-25.

As the financial year-end approaches, the MCD is intensifying efforts to ensure compliance and urging defaulters to settle their outstanding dues. Property tax is a vital revenue stream that funds essential civic services such as road maintenance, sanitation, waste management, and infrastructure development.

Importance of Filing Property Tax on Time

According to MCD officials, property tax compliance has seen a notable improvement in the South Zone. However, a considerable number of property owners remain non-compliant. Filing property tax returns on time not only ensures that the city continues to receive essential services but also prevents unnecessary penalties for the taxpayers.

Sh. Navin Kumar, Joint Assessor & Collector (A&C), South Zone, MCD, emphasized the importance of timely compliance. “We urge property owners in the South Zone to fulfill their civic responsibility by filing their property tax returns promptly. To support taxpayers, we have made the process simple and accessible through our online portal at mcdonline.nic.in. Assistance is also available at local MCD offices for those needing guidance.”

Consequences of Non-Compliance

Property owners who fail to comply may face penalties under the Delhi Municipal Corporation Act, 1957. The Act grants the MCD the authority to recover dues through strict enforcement measures such as:

  • Property attachment
  • Bank account seizures
  • Additional fines and legal action

Non-compliance with property tax regulations can lead to a financial burden for property owners in the form of accumulated penalties and legal proceedings. The MCD strongly advises residents to take action before it’s too late.

Simplified Online Process for Property Tax Filing

To streamline the tax filing process, the MCD has implemented a user-friendly online portal. Property owners can follow these simple steps to file their returns:

  1. Visit the official MCD website: mcdonline.nic.in
  2. Log in using your registered mobile number
  3. Generate an OTP for authentication
  4. File your returns or pay outstanding dues
  5. For those without a Unique Property Identification Code (UPIC), the portal provides an option to register and obtain one.

This online service ensures that property owners can file their taxes quickly and efficiently without visiting an MCD office.

MCD’s Commitment to Transparency and Public Support

The Municipal Corporation of Delhi remains dedicated to ensuring a transparent and efficient tax collection system. To further support property owners, the South Zone office is open seven days a week, including Saturdays, Sundays, and Gazetted Holidays, until March 31, 2025.

For in-person assistance, property owners can visit:

Assessment & Collection Department, South Zone, MCD
Near Sangam Cinema, Sector-9, R. K. Puram, New Delhi, Delhi 110022
Helpline Contact: 8588812210

The MCD urges all property owners in the South Zone to act promptly and comply with tax regulations to avoid last-minute hassles and penalties.

Conclusion

Timely payment of property tax is a civic duty that ensures the continuous improvement of essential municipal services in Delhi. The MCD’s reminders and extended support system provide property owners with a fair opportunity to comply. Let’s work together to build a better, well-managed Delhi—file your property tax today!

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किरोड़ीमल कॉलेज, दिल्ली विश्वविद्यालय में विकसित भारत युवा संसद 2025 का हुआ आयोजन

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नई दिल्ली. मेरा युवा भारत(युवा कार्यक्रम एवं खेल मंत्रालय, भारत सरकार) के अंतर्गत नेहरू युवा केंद्र संगठन और राष्ट्रीय सेवा योजना (एनएसएस) की संयुक्त तत्वाधान में दो दिवसीय विकसित भारत युवा संसद का आयोजन 20 व 21 मार्च को किरोड़ीमल कॉलेज, दिल्ली विश्वविद्यालय में आयोजित किया गया।

कार्यक्रम के अंतर्गत नोडल जिले स्तर पर मध्य दिल्ली और संबंधित जिले नई दिल्ली, उत्तर पूर्वी दिल्ली व शाहदरा के प्रतिभागियों ने प्रतिभाग किया। जिले स्तर पर बड़ी संख्या में आवेदन प्राप्त हुए जिनमें से 150 प्रतिभागियों का चयन किया गया । चयनित प्रतिभागियों ने “एक राष्ट्र, एक चुनाव- विकसित भारत की ओर” विषय पर अपने विचार रखें।

निर्णायक मंडली में डॉ नरेंद्र कुमार बिश्नोई, असिस्टेंट प्रोफेसर(लॉ फैकल्टी,दिल्ली विश्वविद्यालय), प्रोफेसर राकेश कुमार पांडे, प्रोफेसर(भौतिक विज्ञान विभाग), धीरज कुमार, असिस्टेंट प्रोफेसर (इतिहास विभाग), डॉ अजीत कुमार, असिस्टेंट प्रोफेसर (इतिहास विभाग), डॉ प्रशांत शाही, असिस्टेंट प्रोफेसर , (राजनीतिक विज्ञान) शामिल रहे। कार्यक्रम का उद्घाटन मुख्य अतिथि प्रोफेसर विजयलक्ष्मी नन्दा( प्रिंसिपल, मिरांडा हाउस दिल्ली विश्वविद्यालय), श्रवण राम ( क्षेत्रीय निदेशक, राष्ट्रीय सेवा योजना), दिल्ली विश्वविद्यालय) व प्रोफेसर दिनेश खट्टर( प्रिंसिपल, किरोड़ीमल कॉलेज) द्वारा दीप प्रज्वलन कर किया गया।

जिले स्तर पर 10 प्रतिभागियों का चयन किया गया जिन्हें राज्य स्तरीय कार्यक्रम के लिए दिल्ली विधानसभा में अपना वक्तव्य रखने का अवसर मिलेगा। कार्यक्रम में प्रोफेसर जितेश राय( कार्यक्रम अधिकारी, राष्ट्रीय सेवा योजना), नेहरू युवा केंद्र से नोडल स्तर पर उदयवीर (जिला युवा अधिकारी, मध्य दिल्ली), शिवेंद्र सिंह(जिला युवा अधिकारी, उत्तर पूर्वी दिल्ली) एवं निशा कुमारी (जिला युवा अधिकारी ,नई दिल्ली जिला) उपस्थित रहे

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