Thedrafthousingpolicy
createsthreenewcategories
forhouseswithcarpetarea
oflessthan750sqft.
Stampdutywillbereducedfrom
5%to...

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Stamp duty lowered for houses up to 750 sqft. Slide 1

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The Address - Oct 2015

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Real Estate

Jun. 04, 2015

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Stamp duty lowered for houses up to 750 sqft.

Download to read offline

Real Estate

Jun. 04, 2015

621 views

The tough task of buying a home in the city is set to get easier with the government planning to reduce the stamp duty and registration fees for houses up to 750 sqft.

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Stamp duty lowered for houses up to 750 sqft.

1. Thedrafthousingpolicy createsthreenewcategories forhouseswithcarpetarea oflessthan750sqft. Stampdutywillbereducedfrom 5%to1,2and3percent respectivelyforthem Stampdutyforthethree categorieswillbelevied basedonmarketrate insteadoftheready reckonerrate. Registrationfeeswillalsobe broughtdownfrom `25,000 to`1,000 EconomicallyWeaker Sections(EWS) LowerIncomeGroup(LIG) MiddleIncomeGroup(MIG) Reductioninstampduty& registrationfeestomake housesupto750sqft more affordable. However,thestampdutyand registrationnormswillremain unchangedfor housesabove750sqft. STAMPDUTYLOWERED FORHOUSESUPTO750SQFT.

The tough task of buying a home in the city is set to get easier with the government planning to reduce the stamp duty and registration fees for houses up to 750 sqft.

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