Nanayam Vikatan, Birla Sunlife Mutual Fund : Investor Awareness programme at Madurai

Nanayam Vikatan, Birla Sunlife Mutual Fund -Investor Awareness programme at Madurai

Chennai based leading personal finance magazine Nanayam Vikatan and India's fourth largest Mutual fund company under asset management, Birla Sunlife Mutual Fund organising a mutual fund Investor Awareness programme at Madurai

Date:
December 7 , 2014

Venue:
Tamilnadu Chamber of Commerce and Industry,
178 B, Kamarajar Road,
Madurai - 625 009


Timing 10.00 am to 1.00 pm.,

Speakers:
Mr. V. Nagappan, Investment Advisor
(Ex - Director,
Madras Stock Exchange), Oriental Stocks, Chennai
 
Mr. V. Nagappan, Investment Advisor
Mr. K.S. Rao,
Vice President,
Birla Sunlife Mutual Fund

Mr. K.S. Rao,Vice President,
Birla Sunlife Mutual Fund
Mr. S. Gururaj
Chief - Trainer,
Birla Sunlife Mutual Fund

Mr. S. Gururaj, Chief - Trainer,
Birla Sunlife Mutual Fund

Entry Free

Prior registration is a must

Type  NVMFMD (space) Your Name  (space) Palace  send SMS to 562636

Nanayam Vikatan, Birla Sunlife Mutual Fund : Investor Awareness programme at Salem Photos
 






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TAMILNADU STAMP DUTY AND REGSISTRATION FEES..!

Tamilnadu stamp DUTY & regsistration FEES DETAILS!


Categories of Document.
Stamp Duty.   
Registration Fee.
1. Conveyance (Sale)
7% on the market value of the property

1% on the market value of property.
2. Gift   

3. Exchange
7% on the market value of the greater value.
1% on the market value of  greater value property.
4. Simple Mortgage
1% (on the loan amount) subject to a maximum of Rs40,000
1% on loan amount subject to a maximum of Rs.10,000
5. Mortgage with possession
4% on loan amount
1% subject to the maximum of Rs.2,00,000
6. Agreement to Sale
Rs.20
1% on the money advanced (1% on total consideration if possession is given)
7. Agreement relating to construction of building
 1 % on the cost of the proposed construction or the value of construction or the consideration specified in the agreement whichever is higher
1 % on the cost of the proposed construction or the value of construction or the consideration specified in the agreement whichever is higher  
8. Cancellation
Rs.50.
Rs.50.
9 Partition

(i) Partition among family members
1% on the market value of the property but not exceeding Rs.25,000 for each share
1% subject to a maximum of Rs.4,000 for each share.
(ii) Partition among Non family members
4% on the market value of the property for separated shares
1% on the market value of the property for separated shares
10. Power of Attorney


(i) General Power of Attorney to SELL the immovable property
Rs. 100
  Rs.10,000
(ii) General Power of Attorney to SELL the immovable property (Power is given to family member)
Rs. 100
Rs.1,000.
(iii) General Power of Attorney to SELL the movable property & for other purposes
Rs. 100
Rs.50.
(iv) General Power of Attorney given for consideration
4% on Consideration
1% on Consideration
11. Settlement


(i)In favour of family members
1% On the market value of the property but not exceeding Rs. 25,000
1% on the market value of the property subject to a maximum of Rs.4,000
(ii) Other Cases
8%  on the market value of the property
1% on the Market Value
12. Partnership deed


(i) where the capital doest not exceed Rs.500
Rs. 50.
1% on the Capital invested
(ii) Other Cases
Rs. 300.

13.Deposit of Title Deed
0.5% on loan amount
subject to a maximum of Rs.25000
1% on loan amount subject to a maximum of Rs. 5,000
14. Release


(i) Release among family members (co - parcenars)
1% on the market value of the property but not exceeding Rs.25,000
1% on the market value of the property subject to a maximum of Rs.4,000
(ii) Release among non family members (co - owner & benami release)
8% on the market value of the property
1% on the market value of the property
15. Lease


Lease below 30 years
1 %   on the total amount of rent, premium, fine etc
1% subject to a maximum of Rs.20,000.
Lease upto 99 years
4 %  on the total amount of rent, premium, fine etc
1% subject to a maximum of Rs.20,000.
Lease above 99 years
8 %  on the total amount of rent, premium, fine etc
1% subject to a maximum of Rs.20,000.
16. Declaration of Trust (if property is there, it would be considered as sale)
Rs. 180
1% on the Amount



Address:
No.100, Santhome High Road, 
Chennai - 600 028.
Telephone: +91- 44 - 2464 0160
FAX: +91 - 44 - 2464 2774
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World AIDS Day December 1: 2014 Theme..

 World AIDS Day December 1

The 2014 theme for World AIDS Day is


 “Focus, Partner, Achieve: 
An AIDS-free Generation.”
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Tamilnadu: Property Guideline Value Increased by 20% From November 2014..!

Tamilnadu: Land & Property Guideline Value Increased From November 2014..!

There is no official announcement...!

In Tamil Nadu, the Guideline Value of property had increased by nearly 20% from November middle, 2014. But, there is no official announcement.  There is no update in Tamilnadu governments official web site (http://www.tnreginet.net/). The guideline Value  increased by district level. Some areas like Chennai city (Ashok Nagar) the guideline value increased by about 12.5%.

Let's see what the impact of the 20% Guideline Value increase.



Before November 2014, the government guideline value of a property  worth Rs. 50,00,000 (Rs. 50 lakh).  ie  8%, of the guideline value of the the property is Rs. 4,00,000 (Rs. 4 lakh). If the  Government guideline value increased by 20%, the value of property ,w ill increase to Rs. 60 lakh. Then the 8% is Rs. 4.8 lakh.  ie Rs. 80,000 to be paid in addition.

According to one senior official, ''As the Tamilnadu State is losing huge revenue due to non revision of guideline values after substantial increase in the market value of properties, The state government  had decided to implement the revised guideline values with effect from  November,  2014."

Stamp Duty on instruments of sale & other instruments presently charged at the rate of 5% to be continued. There is no change in the 2% surcharge {collected for development of local bodies such as corporations, municipalities & panchayats} and 1% registration fee. In effect, overall registration charges would not change. This is now at 8%.

Guideline value is the minimum price for plots of land  and property (Flats or House) fixed by state government for registration of plot of land & properties. Through periodical changes in guideline values, on which stamp duty & registration fees are based, the state government keeps pace with shifts in market prices.


In Tamil Nadu, the guideline values were last revised in April 1, 2012.  In 2012, revised, new guidelines were announced values. Accordingly, the value of agricultural land in the guide, 270% of household housing guide value has increased by 170% Guideline value. 

Guideline Value relating to  about 1.1 lakhs streets and over 2.90 Crore Survey Numbers / or Subdivision
  
In general Taluk, District, and State-level groups analyzed, each part of the guideline values. Finally, the high value recorded in the document, the document, based on the guideline values increased, by district-level committees.

Using this power, last few months,  many districts registration officers increased the guideline value. Currently in South Chennai, Kancheepuram, Tiruvallur, Vellore, Cuddalore, including various districts,  the guideline values, there would be increased by average 20%.

   Document and records related to the sale of the property declined. Last, 2011 - 12 financial year, 35.18 million were recorded in the documents. The new guide values came into force, the 2012 - 13 fiscal year, 26.90 million were recorded in documents. 

The financial year 2013 -14, at least 26.53 million.  Reduction of the number of documents, the Registration Department has been unable to reach the goal set by the Revenue. Once the values of the new guide, the last two years, the documentary records of the rate dropped to 25%, this will be continued. 

GUIDELINE VALUE & PROPERTY VALUATION

Guideline value register is available with the Registering officer. Ascertain the guideline value of the property and the Stamp Duty, Registration Fees etc, to be paid with the Registering officer.

Guideline Values in respect of all areas in Tamil Nadu have been revised with effect from 1-4-2012.

Guideline Value
From : 01-04-2012

Choose Zone Chennai Coimbatore Cuddalore Madurai Salem Thanjavur Thirunelveli Trichy Vellore

Disclaimer:
The Guideline Values hosted in the  http://www.tnreginet.net/ web site are subject to confirm with the Registering Officers concerned.

Guideline Value
Guideline Value relating to 1.85 lakhs streets and over 4 Crores Survey Numbers/Subdivision Numbers are available on this site for query
For Property Valuation,  Click on the Street Name from the Street List, where the property is located.
Please select the zone from the zone list
 The Inspector General of Registration,
No.100, Santhome High Road, 
Chennai 600 028,
Tamil Nadu,India.
Telephone: +91-44-2464 0160
FAX: +91-44-2464 2774 
E-mail id : grivcell@tnreginet.net
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Central Govt. Approves Proposal To Increase FAR in Delhi..!

by Mr. Anuj Puri, JLL India

As per reports, the Central Government has approved the proposal to increase the FAR / FSI (floor area ratio/floor space index ) in Delhi state. This increase in FAR is for residential plots which are 750 square meters or / higher, wherein the FAR has been increased to 200 from 150.

For plots bigger than 1000 square meters, the FAR has gone up to 200 from 120 and ground coverage has been increased from 40 % to 50 %. Providing the higher FAR is a good move; that said, it will make the apartments bigger - and with no change in density norms, ticket-sizes may rise as well.

Though no clarity has been given on an increase in the dwelling units allowed on the larger plots, there is a provision in the draft Delhi Master Plan 2021 which allows for an increase in the number of dwelling units.
 
Mr. Anuj Puri, JLL India
Under this provision, the cost of a concurrent augmentation of associated civic infrastructure has to be borne by the developer and paid to the authority.

This provision in the draft master plan can be used to increase the number of dwelling units.

If used judiciously, this provision in conjunction with the increased FAR can be utilised for increasing the housing stock on residential plots going forward.

Only then will some movement towards creating more houses and an associated reduction in prices be likely. With height restrictions for individual residential plots not increased from the current 17.5 meters along with stilt parking provisions, developments are likely to remain of same height.

There is also likely be an impact on group housing plots, where ground coverage that was previously 33.3 % will now be 50 %. This will allow for bigger apartments to be built, though FAR here was already 200 under the master plan.

No height restrictions were applicable for group housing plots, and hence there is no  issue for such developments with regards to height provisions.

A sizeable uptick in the stock prices of listed players which are likely to be holding prime lands in Delhi – notably DLF Ltd, Unitech & Anant Raj – has been seen.

Better valuation for such land on account of increased FAR for residential plotted developments is the likely factor behind this increase in their respective stocks.

The impact may be seen in the short-term, but there should be more going forward when the mid-term review of the master plan 2021 is completed and the changes notified by the end of the year.

About the author
Mr. Anuj Puri is Chairman & Country Head at JLL India


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61 per cent of Employees are Willing To Put In Extra Hours Without More Pay To Complete A TASK..!

61%of Employees are Willing To Put In Extra Hours Without More Pay To Complete A TASK..!

Dale Carnegie Training, recently announced findings of its flagship Employee Engagement in India 2014.

According to the study, Indian employees are significantly more engaged than their global counterparts with 46% of employees fully engaged, compared to the global average of 30%.

Overall, just 9% of Indian employees are genuinely dissatisfied with their jobs, as compared to 20% across APAC.

An admirable 58% were proud to work for their company reinforcing positive employer branding of Indian companies with 57% employees feeling well-treated and valued by their immediate supervisors;

The study also indicates that 51% of employees would recommend their company to friends as a place of employment & 61% would recommend it to others as a great place of doing business;

The average hike on current salary that an employee in India would consider acceptable to leave his current job is 20%; at this rate 58% of the disengaged workers agreed to accept another offer vs 14% of fully engaged employees;

Remarkably, 30% of the fully engaged employees said they would stay at their current organisation even when offered 50% salary increases, thus indicating a non­monetary loyalty that companies are often hard-pressed to develop;

The study states that employees in India tend to a have a very positive self-view a good 61% of employees willing to put in extra hours and go the extra mile without more pay to complete a task. 58% of employees felt that the work they did directly contributed to the organisations' success, thus demonstrating a strong sense of ownership;

According to the report, large companies in India with more than 1 lakh employees tend to have the lowest amount of disengaged employees (just 5%);

Further, the engagement level steadily increases with longer tenure with a solid 76% of those working for 20 to25 years at the same organisation being highly engaged;

A closer look at the employee-supervisor relationship highlights 87% of Indian employees did not report any dissatisfaction with their immediate supervisor, against 24% of APAC and 18% of global respondents.


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