Revenue Department

Purchasing Property In Delhi Will Now Costlier As One Percent Hike In Transfer Duty

Purchasing Property In Delhi Will Now Costlier As One Percent Hike In Transfer Duty

The Delhi government announced a 1 percent increase in transfer duty on properties priced above Rs 25 lakh throughout the city, purchasing real estate in the National Capital would now be more expensive. The Municipal Corporation of Delhi (MCD) accepted the increase in transfer duty in May 2022, but the Delhi government didn't issue a notification regarding it until July 10, 2023. The transfer...

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