I would like to share my idea regarding property tax reforms. There is a need for Property Tax Reforms in developing and under-developed countries, because without proper policies in place, people pay less tax, while buying and selling property, by showing low sale price for the property to avoid stamp duty. Purpose We will examine it with a general scenario. Suppose a person declares the price of a property to be INR 10 lakhs when he bought it. He would have paid the tax for that amount in the past. The declared property price may not be the real valuation. Fine, we can't go back in time to change that. But in the future, suppose he sells the property, we can make that person pay tax, correctly based on appreciation. Suppose, a person buys property for INR 10 lakhs in the past, he would have paid less tax. But when he sells for INR 60 lakhs now, with proper property tax with the correct higher value, it will automatically compensate for the tax not paid in the past. Bidding Whenev...