Jaipur: The developer has urged the state government to reduce stamp duty and eliminate additional costs in the budget to revive the wealth of the real estate sector.
At present, an additional cost of 30% is imposed on stamp duty, including 10% Swachh Cess.
After the first lock, the consumer and real estate industry faces setbacks because stamp duty increases to 6% from 5%.
Also, with 1% registration fees and 30% other taxes, total stamp duty has increased by 8.8%.
Former Chairman of the Credai Rajasthan Gopal Das Gupta said, “Because the tax burden on the population is very high, the government must reduce stamp duty from 6% to 4% and remove additional costs to improve the industry.” The previous state government has announced to reduce stamp duty on housing units in multi-floor buildings from 6% to 4% until March 31, 2022.
The benefits are given to buyers who are worth Rs 50 Lakh.
Ankur Tiwari, a real estate agent, said, “This assistance must be given to all customers and not only to those who buy Rs 50 Lakh Flat.
In addition, this relaxation must be extended for one year.” When property tribes have dropped for several years Finally, developers have asked the state government to reduce the price of the District Rental Committee.