News
Maharashtra slashes stamp duty to 2 pc until December 2020


To boost the stagnant real estate market hit by COVID-19, the Maharashtra Government has decided to temporarily reduce stamp duty on housing units from 5 percent to 2 percent until December 31. The decision was taken at a meeting of the state Cabinet on August 26.
The duty from January 1, 2021, until March 31, 2021, will be 3 percent.
Real estate developers had been asking for a reduction in stamp duty following the lockdown to encourage homebuyers to purchase properties during the pandemic.
On August 15, state Revenue Minister Balasaheb Thorat had hinted that a 2 to 3 percent reduction in stamp duty on property registrations was in the anvil.
Stamp duty rates in other major states largely hover anywhere between 5 to 8 percent, but they are lower in some states if property registration is executed in the name of a woman.
Delhi, Uttar Pradesh, Rajasthan, Punjab, and Haryana offer relaxation in stamp duty for women buyers. The exemption on stamp duty ranges from 1-2 percent in different states.
-
News2 weeks ago
Vegas Mall Brings Dinosaurs to Life with All-New Dino Park Experience
-
News1 week ago
Migsun Appoints MORES as Strategic Sales Partner for Alpha Central in Greater Noida
-
News3 days ago
TRG Group Unveils ₹400 Cr TRG The Mall in NCR
-
News4 weeks ago
NBCC Concludes E-Auction of Aspire Silicon City to AU Real Estate for ₹1,467 crore
-
Guest Column4 weeks ago
Yamunanagar Real Estate: Rising Growth Story in Haryana
-
News3 weeks ago
Delhi-NCR Real Estate Market Steady Amid Slowdown: PropTiger Q1 2025 Report
-
News2 weeks ago
Shree Cement, RITES Sign MoU to Enhance Rail Infrastructure For Seamless Logistics
-
Guest Column3 weeks ago
Kundli-Sonipat Part of NCR Realty Boom Due to UER II, Delhi Metro, KMP Expressway, RRTS