Half of humanity today lives in cities. Chennai, currently with over 8.5 Million people is one of them. India’s fourth largest city after Delhi, Mumbai and Kolkata, Chennai has been phenomenally growing as a hub of sectors such as manufacturing, retail, healthcare and IT sectors in the main, in the last 2 decades. Chennai remains a city with great potential for industrial growth, economic feasibilities, quality infrastructure and Governments committed to promoting trade and commerce. Chennai continues to attract people from different parts of the
Villas, Apartments Or Plots In Chennai? What Would You Go For?
If you are like Ratheesh, a self-employed, young IT professional, you would opt for a Villa on OMR, in Chennai’s IT corridor. However, if you are like Vidhya, a young Microbiologist with an MNC in Chennai, you would want to own a luxury Apartment in Chennai in a prime location like Pallavaram or Padi, near Anna Nagar. So, what is the difference?
Gst Impact On New Homes In Chennai
GST subsumes over 16 major central and state taxes including excise duty, value-added tax (VAT) and service tax into one consolidated tax. Has the property price come down now? Who gets the benefit of GST? Is it you, the buyer, or the seller that gains from GST?
The Government has included an anti-profiteering clause in GST law. The law makes it mandatory to pass on the tax reduction benefit to the customer.