US EditionGujarat Govt Waives 80% Stamp Duty on Property Transfers via Allotment, Share Certificates
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Gujarat govt waives 80% stamp duty on property transfers via allotment, share certificates
In a relief to small and middle-class families, the government of Gujarat has decided that for transfers made through allotment letters and share certificates by societies, associations, and non-trading corporations, only 20% duty will be collected by the state, effectively waiving 80% of the duty charges. This exemption is granted under Section 9(a) of the Gujarat Stamp Act, 1958. As per the decision, only 20% of the original duty amount, alon…
Gujarat Chief Minister Bhupendra Patel has taken an important decision to provide big relief to small and middle class families. Now only 20% of the stamp duty payable for the transfer of residential houses will be recovered and the remaining 80% will be waived. This exemption will be applicable especially to allotment letter and share certificate based transfers given by societies, associations and non-trading corporations. This exemption has b…
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