Thursday, 9 April 2015

No stamp duty on transfer of properties to spouse, kids

Mumbai: The state on Wednesday introduced a Bill amending the Maharashtra Stamp Act to scrap the stamp duty on transfer of residential or agricultural property to wife, husband, son, daughter, grandson and grand-daughter. At present, the stamp duty is 5% of the market value of the property . Revenue minister Eknath Khadse, who announced the relief last week, urged the assembly to ensure it is passed by both Houses before the session ends so that citizens do not have to wait for the relief.

Source| Times of India | 09.04.2015 | p.02

No comments:

Post a Comment