The price of petrol and diesel will increase in the state from tomorrow. This is because the new cess in the budget will be imposed from tomorrow. There will be an increase of two rupees in the price of petrol and diesel. Apart from this, the new emission control norms in the country will increase the prices of the vehicles in all models. The rate hike will be applicable to all commercial vehicles, including two-wheelers and cars. Major automobile companies have announced a rate hike of up to Rs 50,000 for vehicles.
Similarly, the price of liquor will increase in the state. There is an increase of Rs 20 for liquor up to Rs 999 and Rs 40 for liquor above Rs 1000. The stamp duty for flats and apartments will increase by two percent as the new tax proposals come into effect. 20 percent increase in fair value of land. This will increase the stamp duty and registration fee. Government aims to ensure maximum revenue through tax increase. The Finance Minister had stated that the increase in the fair price of land is to reduce the gap between the market price and the fair value of the land.
Similarly, the price of liquor will increase in the state. There is an increase of Rs 20 for liquor up to Rs 999 and Rs 40 for liquor above Rs 1000. The stamp duty for flats and apartments will increase by two percent as the new tax proposals come into effect. 20 percent increase in fair value of land. This will increase the stamp duty and registration fee. Government aims to ensure maximum revenue through tax increase. The Finance Minister had stated that the increase in the fair price of land is to reduce the gap between the market price and the fair value of the land.
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The stamp duty on flats transferred within six months will increase from five percent to seven percent. The decision to introduce a different price system based on the size and type of rocks in the mining areas will also come into force from tomorrow. Common people are the most affected by the price hike. Increase in petrol and diesel prices will be dark. The imposition of special social security cess from tomorrow will increase the price of petrol and diesel.
