The following article gives the stamp duty and property registration charges of all the states. Stamp duty and registration charges vary from state to state.
Property registration has become easy and there will be uniformity across the state. The discretionary powers given to sub-registrar have been removed. New guidelines have been issued which contains information on documents required for registration.
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A sole proprietorship is also known as the sole trader or simply proprietorship, a type of enterprise that is owned, managed and run by a single person and in which there is no legal distinction between the owner and the business entity. A proprietorship is very easy to form and it requires very minimal compliance during the company formation. So most of the entrepreneurs prefer to setup a sole proprietorship rather than other company like Limited Liability Partnership, Private Limited Company, One Person Company and Partnership.
Advantages of Sole Proprietorship:
1. Easy To Start
2. Full Ownership and Control
3. Less Capital Involvement
4. Profits are not to be distributed
5. Ease of Formation
6. Complete control over all the aspects of business
7. Strong Interpersonal relationships with clients, customers and employees
8. Low Income Tax
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Property buyers in Bengaluru have to pay 6.6% of a property's rate to the government. That is 5.60% stamp duty including surcharge and cess and a 1% registration fee. The guidance value of several important areas have witnessed an increase of at least Rs 100 per sq. ft. Other important areas such as Jayanagar, Yeshwantapur, BTM Layout and Basavanagudi have also seen an increase in guidance value.
India is one of the best destinations in the world for start-up. The favorable business policies are encouraging youths to start their entrepreneurship journey. If you are looking for company registration in India, then Global Jurix is a top law firm in India offering cost-effective legal services.
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