The latest notification to banks directs them to exclude stamp duty, registration and like charges while calculating the value of a property they intend to finance.


The Reserve Bank of India’s latest notification to banks, to exclude stamp duty, registration and like charges while calculating the value of a property they intend to finance could lead to a further decline in home sales in the lower and medium segments, say developers and consultants.

The notification effectively means home buyers would have to arrange for more funds on their own, as banks will not lend for these charges any more.



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