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Goa Proposes Bill to Lower Stamp Duty in Certain Cases

PANAJI: On Wednesday, the state government introduced a bill aimed at reducing the stamp duty burden on mortgagors for properties mortgaged without possession. The bill also seeks to promote the registration of family trust deeds. According to the Indian Stamp (Goa Amendment) Bill, 2025, the proposed reduction in stamp duty for mortgages and trusts may impact state revenue, but the exact loss cannot be quantified at this time. This initiative is part of a broader effort to rationalize stamp duty on such instruments. The bill establishes a stamp duty of Rs 1,000 for mortgage deeds, excluding certain agreements (e.g., title…

Chandigarh’s Vacant Properties to Be Auctioned Every Four Months

CHANDIGARH: Following a remarkable turnout at the recent auction for residential properties, the UT estate office plans to conduct property auctions quarterly. Nishant Kumar Yadav, the deputy commissioner and estate officer, stated, “We are in the process of developing a calendar for property auctions. This schedule will ensure that vacant properties held by the estate office are regularly auctioned, allowing interested buyers to participate. This approach aims to enhance the availability of properties in the city to meet growing demand.” In the latest freehold residential property auction, every residential site was sold. Notably, a property in Sector 33, covering 1014…

Madras HC Bans Resorts and Hotels in Elephant Corridor

CHENNAI: The Madras High Court has reinforced a total ban on commercial activities in the Segur Plateau Elephant Corridor, following the findings of the Segur Plateau Elephant Corridor Inquiry Committee established by the Supreme Court. This prohibition extends to all resorts and hotels. The landowners are permitted to maintain and cultivate their properties in an environmentally friendly way that does not disturb the elephants, without installing artificial barriers like electric fences. This was affirmed by a special bench comprising Justice N Sathish Kumar and Justice D Bharatha Chakravarthy. The bench reiterated that the committee’s findings, led by former judge Justice…