Madhya Pradesh 2nd State to Slash Stamp Duty
Madhya Pradesh has become the second state to reduce the stamp duty on property registration after Maharashtra. The stamp duty on sale and purchase in urban area has been reduced from 3% to 1% till December 1. Chief Minister Shivraj Singh Chouhan on Monday said that move is aimed to boost the rea
Published -
Sep 8, 2020 4:59 AM
Madhya Pradesh has become the second state to reduce the stamp duty on property registration after Maharashtra. The stamp duty on sale and purchase in urban area has been reduced from 3% to 1% till December 1. Chief Minister Shivraj Singh Chouhan on Monday said that move is aimed to boost the real estate sector and more such initiatives will be announced in coming days. “Economic activity had stopped due to the lockdown. Real estate sector was also severely impacted with financial capability of individuals got restricted,” Chouhan said. The stamp duty will be 3% for agreements to be registered between January 1 and March end in Maharashtra.
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