Ready reckoner rate hike on cards to bail out govt
MUMBAI, Jan. 15 -- With the generation of revenue being a major task before it, the cash-strapped Mahayuti government is likely to increase ready reckoner (RR) rates by around 10% in the state. While expecting Rs.55,000 crore this year from stamp duty collection, it hopes to mop up another Rs.15,000 crore from increased RR rates. The move, however, could adversely impact the real estate sector, as property will become more expensive....
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