Maha to charge stamp duty of Rs 1,000 for redevelopment agreement
The tri-party agreement for redevelopment between Maharashtra Housing and Area Development Authority (MHADA), developer and flat owners will attract the stamp duty of just Rs 1,000. The state government has decided to take this decision to speed up redevelopment of MHADA colonies. A similar decision was also taken for BMC owned properties by the state government in June this year. Currently, stamp duty is charged as per market rates which can run into crores and often become bone of contention between residents and developer on how to share this stamp duty.
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