Jaipur: The Ministry of Finance on Friday extended the relaxation of stamp duty for the flat in multi-floor buildings until the end of March 2022.
Relaxation will expire in December 2021.
Relaxation will apply to the flat in a multi-floor building has more than four floors for RS 50 lakh.
Debt cap will be 4% instead of 6%.
“Customs are charged fees for transportation deeds relating to flat or housing units, market value that does not exceed fifty lakh rupees, in a multi-floor building exceeding four floors will be reduced and charged at a level of four percent, if the transportation certificate is run And served for registration up to 31.03.2022, “said the command.
Property developers recently met with the financial secretary with recommendations for budget 2022-23.
During the meeting, they urged the government to continue relaxation for buyers who in turn would create requests.
Stamp Duty in Rajasthan is one of the highest in this country.
After additional fees, the 6% stamp assignment reaches around 8.80% of the property value.