The bill, after its enactment, will curb the “increasing practice” of fixing land prices at “exorbitant rates”, as prices would be calculated based on the value chalked out by a valuation committee, Lalchhanzova said.
Between July 2021 and January 2023, more than 80,000 residential properties were registered in the city following the first announcement of the stamp duty reduction.
To promote affordable housing, stamp duty on new flats or apartments costing less than Rs 20 lakh would be reduced to 2 per cent from 5 per cent from April 1, said state chief minister B.S. Yediyurappa on Thursday.
The government has notified uniform stamp duty rates "much lower than earlier" across states for trading in stocks, derivatives, currencies and commodities. It will become operational on January 9 and help curb the problem of varied stamp duty collection rates.
The Ghaziabad district administration has stumbled upon a fraudulent practice of evading stamp duty in sale and purchase of residential land in urban villages or those with high potential of development in the district by paying lower circle rates fixed for agricultural land.
The Gujarat government Tuesday proposed to hike stamp duty on registration of marriage among others and increase electricity tariff for industrial captive consumption in the 2019-2020 budget besides making substantial allocations for key sectors, including agriculture.
Conservation of cows in Rajasthan will entail a cost for those making rent agreements, mortgage papers and lease agreement as they will now pay a surcharge of 10 per cent on stamp duty for cow protection.
New Delhi: Stamp Duty is a type of tax or duty which is paid for transactions performed within the state by way of documents, where such documents are liable to be stamped as per the
Allahabad, April 23: Lawyer Shanti Bhushan and his three children were today granted one more week's time by the Stamp and Registration office here to reply to a notice for alleged stamp duty evasion to
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