It is very unlikely that one would be able to find a person who likes paying taxes. This is probably because tax is not a voluntary contribution but an 'enforced action' by the governments upon individuals, groups and businesses. Taxes fall into many categories such as income tax, wealth tax, education tax, property tax and so on. Apart from real estate 'property' laws, there are also intellectual property laws that describe individuals right to Intellectual' properties.
There is no activity and possession that is not taxed. This forceful extraction, or contribution, if you may call it, is probably one of the most unpopular activities of any administration in any country. Property tax, specifically, may be described as a fee levied upon individuals and businesses for the privilege of owning their houses and properties.
Property tax laws were enforced in India to increase government revenue. Taxes were imposed on any property irrespective of their nature. Flats, shops, land, office and any other building or land holding, with an exception to farmland, was to be taxed under the property tax laws of the land. In urban areas, the municipality of the area collects property tax.
When property changes hands, or ownership, there is a tax that needs to be paid and this is known as the registration stamp duty. This can amount from as low as 4 percent to as high as 9 percent, depending on the area. Now here is a catch: you cannot decide on the price of the property and pay the percentage of property tax on it. The government will set the 'circle rate' and you will pay the property tax applicable on that rate, irrespective of how much you sell the property for. Naturally, the circle rate is invariably higher than the market rate. This is one way the government ensures its share in profits from sale of property.
In India, as with many other countries, property tax laws vary from state to state. India may well have the most varied property tax laws with a lot of 'taking' ways.
Taxes have become a bad word in a country where the collected revenue is not distributed evenly and fairly. In fact, if property tax laws were made more transparent so as to show how the collected monies are utilized - people will be more aware, and more inclined to pay their taxes and feel good about it too!