Stamp Duty

18 Aug

Daughter’s Children Included in Family Property Transfer Stamp Duty Exemption, Clarifies Haryana Government

Gurpreet Singh0 CommentsHaryanaDr Sumita Misra, Haryana Property, Property Transfer, Revenue Department, Stamp Duty

CHANDIGARH (Balwinder Singh)— The Haryana government has clarified that maternal grandchildren (children of a daughter) are fully eligible for the 100 per cent stamp duty exemption granted on intra-family immovable property transfers during an owner’s lifetime. Financial Commissioner of the Revenue and Disaster Management Department, Dr. Sumita Misra, announced that the state administration has issued an official corrigendum to resolve a long-standing linguistic ambiguity in the Hindi version of the original 2014 notification. On June 16, 2014, the Haryana government had remitted the entire stamp duty under Section 9 of the Indian Stamp Act, 1899, for transfer deeds executed in…

28 Jul

Haryana Cabinet Approves Stamp Duty Cut for PMAY-U 2.0 Beneficiaries

Balwinder Singh0 CommentsHaryanaAffordable Housing, EWS Housing, Haryana Cabinet, Nayab Singh Saini, PMAY-U 2.0, Stamp Duty

Chandigarh (Balwinder Singh): The Haryana Cabinet, chaired by Chief Minister Nayab Singh Saini, approved a proposal on Tuesday to significantly reduce stamp duty and registration fees for beneficiaries under the Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0. The decision aims to ease the financial burden on Economically Weaker Section (EWS) families purchasing affordable housing units up to 60 square metres. Under the new provision, eligible EWS beneficiaries will pay a fixed fee of just ₹500 for conveyance deeds. Additionally, the stamp duty under Article 23-A of Schedule 1-A of the Indian Stamp Act, 1899 (as applicable to Haryana) has been capped…