Tag: Gujarat stamp duty waiver

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Gujarat Waives 80% Duty on Property Transfers Without Sale Deeds

GANDHINAGAR: In a significant relief for numerous property owners in Gujarat, the state government announced on Monday a stamp duty waiver of up to 80% for property transfers executed through allotment letters and share certificates, bypassing the need for a sale deed. This issue has long impacted older housing societies. The decision, released by the revenue department under Section 9A of the Gujarat Stamp Act, addresses requests from citizens and elected officials. The new ruling specifically benefits residents of societies, associations, and non-trading corporations that transferred properties without sale deeds — a common practice from 1982 to 2001. Many residences,…

IndustryLatest Stories

Gujarat Waives 80% Stamp Duty on Property Transfers

AHMEDABAD: The Gujarat government has announced an 80% waiver on stamp duty for property transfers conducted through allotment letters or share certificates by housing societies, associations, and non-trading corporations. This initiative aims to assist middle-income families. Chief Minister Bhupendra Patel made the announcement on Monday under Section 9(a) of the Gujarat Stamp Act, 1958. According to an official release, this decision is intended to provide significant relief to lower and middle-income families in relation to housing transfers, stating that “in cases where societies, associations, and non-trading corporations conduct property transfers through allotment letters or share certificates, up to 80% of…