Maharashtra govt to reinstate 5% stamp duty on property regi

Maharashtra govt to reinstate 5% stamp duty on property registrations


Wednesday decided not to extend the two per cent stamp duty waiver on property registrations from April.
It said it would reinstate its earlier system of five per cent stamp duty on property registrations from Thursday.
The state government had slashed the stamp duty charges to two per cent between August and December last year to boost the real estate market, which was facing a slowdown due to COVID-19 and the subsequent lockdown. It was made three per cent between January 1 and March 31.
State Revenue Minister Balasaheb Thorat on Wednesday said that there would not be any changes in the stamp duty rates announced in September last year.

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