Jharkhand to Impose Surcharge on Property Transactions for Revenues
RANCHI: The cost of purchasing properties in urban areas across Jharkhand is poised to increase. The state government has introduced a new levy on property transactions aimed at boosting revenue. The proposed Jharkhand Municipal Land/Building Transfer Surcharge Rules 2026, shared by the state’s urban development and housing department, suggests a 10% surcharge on the total stamp duty and registration fees for property transfers within municipal and industrial township limits. This revenue will be allocated to civic bodies for various expenditures. “These rules are part of our strategy to enhance municipal revenue and assist in alleviating financial constraints. We are pursuing…
