From Underwear to Cars, India’s Economy Is Fraying

Re:From Underwear to Cars, India’s Economy Is Fraying by sifar on Tuesday September 24, 2019 @11:02AM (#21060923)

Basically when you buy any property in India, you have to get your name as the owner in the historical record of the owners with the Land Registrar. This is the registration which is around 3-4% of the property value. The respective states also charge 2-3% for the sale.

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Re:From Underwear to Cars, India’s Economy Is Fraying by pkaye on Tuesday September 24, 2019 @12:33PM (#21061956)

Do you have an yearly property tax also?

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Re:From Underwear to Cars, India’s Economy Is Fraying by sifar on Tuesday September 24, 2019 @12:50PM (#21062140)

Yes, that you pay to the city.

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