Stamp Duty

These mandatory charges can significantly increase the total cost of home ownership

Maharashtra government increases stamp duty payable on Arbitral Awards

Maharashtra has introduced an ordinance raising stamp duty rates to enhance government revenue. Notably, the stamp duty on arbitral awards has significantly increased, marking the first adjustment since 2015, when it rose from Rs 100 to Rs 500

Encourage states to lower stamp duty, including property purchases by women: Finance Minister

The Union government has long flagged high stamp duty rates as the reason for the high home prices, relatively low rates of property ownership, as well as the rampant "black money" dealings in the sector.

HP to charge 8% stamp duty on corporate mergers, separations: Minister

In response to the discussion on this bill, Negi said that industrial companies merge with each other and the government does not get anything in return.

MC Explainer: 5 things homebuyers should know about Maharashtra’s 50% stamp duty concession for township projects

According to the Maharashtra government's definition, an Integrated Township Project can come up where there is a suitable area of 40 hectares or 100 acres at one place.

Chintels Paradiso case: Gurugram administration directs developer to settle residents' compensation claims in four months

The developer has agreed to reimburse homeowners the cost incurred on interiors as well, besides Rs 6,500 psf, and the stamp duty.

Mumbai's April property registrations down 16% on year, 25% on month: Govt data

However, the state government collected Rs 840 crore revenue from registrations, the highest in the last 10 years.

SC judgment on unstamped arbitral agreements may prolong arbitrations: Lawyers

On April 25, a Constitution Bench of the Supreme Court, by a majority of 3:2, held that an arbitration agreement for which stamp duty is not paid cannot be implemented.

West Bengal govt extends 2% stamp duty reduction, 10% circle rate rebate until March 2023

Realtors say that, amid rising interest rates, the existing relief will be a good compensation for homebuyers, who will also benefit from lower stamp duty

Cumulative stamp duty, registration fee revenue jumps 35% to Rs 94,800.5 crore in H1

The average monthly revenue collection from these levies rose to Rs 15,800.07 crore in the reporting first half period, up from Rs 11,600.87 crore in H1FY22

Telangana sees 48% spurt in revenues from stamp duty, registration in H1

With a collection of Rs 7,213 crore, Telangana stands as India’s fifth highest state in terms of revenue drawn from stamp duty and registration charges.

As MeiTY amends IT Act, industry sees digitisation opportunity in real estate, financial sector

NASSCOM said that if state government laws such as stamp duty and registration charges are also amended, it will now be possible to make all property transactions paperless.

Maha government to consider reducing stamp duty: Chief Minister Eknath Shinde

Maharashtra Chief Minister Eknath Shinde was speaking at the inauguration ceremony of a four-day-long property exhibition of CREDAI-MCHI from October 13 to 16 at Bandra-Kurla Complex (BKC) in Mumbai.

Maharashtra may consider reduction in stamp duty charges: CM Eknath Shinde

Shinde was speaking at the property exhibition organised by NAREDCO Maharashtra between September 30 to October 02 at Bandra Kurla Complex (BKC).

Explained: Why and how Maharashtra plans to have 50% e-registrations for property deals

In 2021, the state launched software which enables developers to e-register property sales at their own offices. One reason for such a system was to arrest registration revenues from falling. They have been going down since the COVID-19 breakout. The second was to end the crowding at the registrar's offices.

States' earnings from stamp duty and registration fees rise 34% in FY22; Maharashtra leads: Report

According to a domestic brokerage, state earnings from stamp duty and registration fees increased by 34% in FY22 to Rs 17.11 lakh crore, with Maharashtra leading all states.

Lessons to learn from MCX's 'Sikkim Traders' 

Unless we bring down the cost of trading, traders would use loopholes to exploit the situation 

LG admin issues formal order for 50% remission in stamp duty for first-time property buyers in J-K

On February 25, the Administrative Council (AC), which had met under the chairmanship of Lieutenant Governor Manoj Sinha, had approved the remission in stamp duty for first-time property buyers.

Mumbai property market scales new high with Rs 1,131 crore stamp duty collection

According to data from Maharashtra's Inspector General of Registration, over 16,152 residential deals were registered in March, making it the third highest monthly total ever.

Property registration in Mumbai jumps 51% MoM in March to over 15,000 units

Registrations contribute to over Rs 1,000 crore to the state exchequer; They have picked up pace due to the impending 1% metro cess that shall be levied effective April 1, 2022.

Realty sector welcomes Maharashtra govt's Budget proposals focusing on infra development

The Budget has also proposed an amnesty scheme for buyers by increasing the time period from one year to three years for set-off of stamp duty.

1,593 apartment sale documents registered in Greater Kolkata in February 2022: Knight Frank India

Over 29,800 new homes sold in Greater Kolkata until February 2022; Stamp duty sop available till the end of March 2022.

Lodha Group to absorb up to 50% stamp duty for homebuyers until March 31

The remaining stamp duty amount is to be paid by the homebuyer. The prevalent rate of stamp duty in Maharashtra is 5 percent.

Budget 2022 must boost insurance penetration and cut tax anomalies

To further boost insurance penetration, and make it affordable, the government should consider addressing some long-standing tax anomalies on health and term life insurance products in the upcoming Budget

Stamp-duty cut drives apartment registrations' 79% YoY growth till Nov 2021, in Greater Kolkata: Knight Frank India

More than half of all apartments registrations in 2021 were done since announcement of duty cut in July 2021; November 2021 saw 62% YoY degrowth