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GLOBES www.apcigroup.in Mumbai, March 2015 Vol. No.14 Issue No.3 Price Rs.2 Stamp Duty Ready Reckoned Dominates New DCR Municipal Corporation of Greater Mumbai has notified a New Draft Development
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How to fill out stamp duty ready reckoner

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How to fill out stamp duty ready reckoner:

01
Obtain the necessary form: The first step is to obtain the stamp duty ready reckoner form. You can usually find this form online on government websites or at the local government office.
02
Gather the required information: Next, gather all the necessary information that will be required to fill out the form. This may include details about the property, such as its address, sale price, and size, as well as any other relevant information.
03
Calculate the stamp duty: Use the stamp duty ready reckoner to calculate the stamp duty payable for your property. The ready reckoner provides a table or calculator that helps determine the stamp duty based on the property's value. Simply locate the relevant value in the table or enter the information into the calculator to obtain the stamp duty amount.
04
Fill out the form: Once you have calculated the stamp duty, fill out the form accordingly. Enter all the required information accurately, ensuring that you double-check for any errors or missing details.
05
Attach supporting documents: In some cases, you may be required to attach supporting documents along with the filled-out form. These documents could include identity proof, property documents, or any other relevant paperwork. Make sure to include these documents as specified.
06
Submit the form: Finally, submit the filled-out form along with the supporting documents to the designated government office. Follow the instructions provided to ensure that your submission is complete and correct.

Who needs stamp duty ready reckoner?

01
Property buyers: Individuals looking to buy property need the stamp duty ready reckoner to determine the stamp duty that will be applicable to their purchase. It helps in budgeting and understanding the additional costs involved in property transactions.
02
Property sellers: Sellers also need the stamp duty ready reckoner to understand the potential stamp duty liability on the sale of their property. It helps in estimating the total costs associated with the property transaction and setting a suitable selling price.
03
Real estate professionals: Real estate agents, brokers, and professionals involved in property transactions often use the stamp duty ready reckoner as a reference tool. It assists them in guiding their clients and providing accurate information regarding stamp duty costs.
04
Financial institutions: Banks and other financial institutions that provide housing loans or other financing options require the stamp duty ready reckoner to calculate the stamp duty amount and include it in their loan calculations. It helps in determining the overall financial exposure a borrower may have.
In conclusion, the stamp duty ready reckoner is a vital tool for individuals involved in property transactions, including property buyers, sellers, real estate professionals, and financial institutions. It helps in determining the stamp duty payable and provides valuable information for budgeting and decision-making purposes.
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Stamp duty ready reckoner is a reference guide that helps in calculating the stamp duty to be paid on various property transactions.
Individuals or entities involved in property transactions are required to file stamp duty ready reckoner.
Stamp duty ready reckoner can be filled out by providing details of the property transaction such as property type, location, and transaction value.
The purpose of stamp duty ready reckoner is to ensure transparency and accuracy in the calculation of stamp duty for property transactions.
Information such as property type, location, transaction value, and stamp duty amount must be reported on stamp duty ready reckoner.
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