Stamp Duty and Development Charges for Township Projects
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Questions and Answers

What percentage of stamp duty concession is given for Integrated Township Projects?

  • 25%
  • 75%
  • 40%
  • 50% (correct)
  • The stamp duty concession for Township Projects can be availed:

  • Only at one stage (correct)
  • Every five years
  • Twice in a year
  • Multiple times
  • Development charges for institution use in Township Projects are:

  • 75% exempted
  • 50% exempted (correct)
  • 25% exempted
  • Fully exempted
  • Under the Mumbai Tenancy and Agriculture Land Act, for Township Projects:

    <p>The condition of only agriculturist buying land is relaxed</p> Signup and view all the answers

    The Agricultural Land Ceiling Act 1961 for Township Projects is:

    <p>Not applicable</p> Signup and view all the answers

    Stamp duty concession for amenities in Township project is applicable when:

    <p>Rights are assigned to subsidiary companies</p> Signup and view all the answers

    For Development Charges exemption, the relevant section is:

    <p>Section 124F</p> Signup and view all the answers

    The stamp duty concession can be availed at the time of:

    <p>Either land purchase or sale of units</p> Signup and view all the answers

    For Township Projects, agricultural land can be purchased by:

    <p>Project Proponent</p> Signup and view all the answers

    The relaxations provided for Township Projects are under:

    <p>Integrated Township Regulation</p> Signup and view all the answers

    Study Notes

    Stamp Duty and Development Charges for Township Projects

    • Integrated Township Projects Stamp Duty Concession: 50%

    • Township Project Stamp Duty Concession Applicability: Available only once.

    • Development Charges Exemption for Institution Use: 50%

    • Mumbai Tenancy and Agriculture Land Act Relaxation: The condition for only agricultural land owners purchasing the land is relaxed.

    • Agricultural Land Ceiling Act 1961 Applicability: Not applicable.

    • Stamp Duty Concession for Amenities Applicability: Applies when property rights are transferred to a subsidiary company.

    • Section for Development Charges Exemption: Section 124F

    • Stamp Duty Concession Availing Time: Can be availed at either land purchase or unit sale.

    • Agricultural Land Purchase for Township Project: Allowed for the project proponent.

    • Relaxation for Township Projects under: Integrated Township Regulation.

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    Description

    This quiz covers key aspects of stamp duty and development charges relevant to township projects, including concessions, exemptions, and applicable regulations. Test your knowledge on the Integrated Township Projects Stamp Duty Concession and other related legal frameworks.

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