1)How would increasing the circle rate of property, to match market prices, help curb black money?

2)How does the government use price floors and price ceilings to protect you? How would the lives of Americans be impacted if property rights were taken away?

1)Real Estate Market does not give a correct price index and for checking speculation, Circle rate is applied.

Market Rate is based on buyers propensity /willingness to pay and the seller's price expectation. It's always higher than the Circle Rate and the variance between is the prime reason for black money transactions in India Real Estate Domain.

Usually, the buyer pays registration charges and the stamp duty fee for properties sold to them. There has been a contest that a higher Circle Rate lead transaction rate to fall.

As the Circle Rate of property increase to match the Market Rate, the gulf between them reduces more and more; willing and authentic buyer with legit money will start entering the market. These result in Real Estate assets getting parked with a lesser amount of black money due to a decrease in transaction velocity.

2)Price ceiling refers to a price control measure imposed by the government on commodities to protect consumers from being charged high prices. In situations such as wars, there is supply disruption. Hence, price ceilings are essential to safeguard consumer excess. Conversely, the price floor is a price control by the government on commodities to protect producers against low prices. For instance, in cases where food aid kills a local producer, the price floor is vital to safeguard producer surplus.

Property rights refer to the legal ownership of property by a person who can decide how to be used. They form the foundation of civilization in a nation. Therefore, taking them away would civilization. For instance, in America, citizens have property rights. However, when taken away, they are affected. First, lack of culture results in those having control of property thriving while the rest suffer and starve. Moreover, the flow of capital leaves the country to countries with property rights, and this affects the citizens' lives.