Surat Urban Development Authority (SUDA) is the city of Surat’s urban planning and development organisation in the Indian state of Gujarat. The state government established the SUDA under Section 22(1) of the Gujarat Town Planning and Urban Development Act of 1976. The SUDA was established on January 31, 1978.… Read more
The market value of land, also known as the guidance value of a property, is the assessed worth of the land based on state government data. It is also known as the circle rate in some jurisdictions and is the bare minimum at which a property transaction may be recorded with the state government. These records are kept by each state’s Department of Stamps and Registration, which also discloses the guideline values or market value of the properties each year.… Read more
Nomination is a crucial aspect of financial planning in India, and it holds particular significance in the banking sector. Understanding the meaning of a nominee and the role they play in the context of banking is essential for every account holder. In this comprehensive guide, we will delve into the meaning of a nominee, the importance of nominations in various financial instruments, and specifically focus on the role of bank nominees in India.… Read more
In the realm of property transactions, understanding the intricacies of stamp duty and registration charges is crucial for both buyers and sellers. These charges vary from state to state in India, and Tamil Nadu is no exception. Let’s delve into the specifics of stamp duty and registration charges applicable in Tamil Nadu in 2024.… Read more
The Peripheral Ring Road (PRR) is Bangalore’s Third Ring Road, built by the Bangalore Development Authority (BDA). The 73-kilometre circular road will link Hosur Road, Tumakaru Road, and NICE Road to make a complete circle around Bangalore’s limits.… Read more
According to Vastu Shastra, the placement of a fish aquarium in the living room can have a significant impact on the energy flow in the house. Here are a few guidelines to follow when deciding where to place your fish aquarium in the living room:… Read more
The introduction of the Real Estate (Regulation and Development) Act, of 2016 (RERA) brought significant transparency and accountability into the real estate sector, particularly in the way residential property sizes are calculated and communicated. One of the key aspects standardized by RERA is the definition of ‘carpet area’. Understanding this definition and the calculation method is crucial for both homebuyers and developers, as it influences pricing, legal documentation, and property comparisons. This blog post explores RERA’s definition of carpet area, how it is calculated,and why it matters to both buyers and developers.… Read more
After accounting for an asset’s depreciation or amortization, the WDV or write-down cost technique of depreciation is arrived at. In a nutshell, WDV is the asset’s current value.… Read more
The banyan tree (Ficus benghalensis) is an iconic symbol of endurance, resilience, and profound significance in many cultures around the world. Known for its impressive size, longevity, and unique growth habits, the banyan tree holds a special place in history, religion, and the natural world. In this blog, we will explore fascinating facts about the banyan tree and delve into its cultural and ecological significance.… Read more
Renting a property is a common practice in India, and it comes with certain responsibilities for both landlords and tenants. One crucial aspect of this arrangement is the issuance and acceptance of rent receipts. In this comprehensive guide, we will explore the significance of rent receipts, their legal implications, and provide an in-depth analysis of the rent receipt format in India. Drawing on the latest news and sources, we aim to provide readers with a thorough understanding of the importance of proper documentation in the realm of rental agreements.… Read more
