New stamp duty law
Chief Minister Chandrababu Naidu has given his assent to increase the rate of land registration and stamp duty across 13 districts in Andhra Pradesh. This has been done taking into consideration a prevailing real estate boom in the state and also the need to fetch an additional revenue of Rs. 1500 crore per annum which [...] Continue Reading »
The revenue department has proposed an amendment to the Indian Stamp Act, 1899 to capture the huge change in the Indian economy over the past century. The draft law will be taken up by the cabinet soon. The new stamp duty law worked out by the government says the benefit will lapse one year after [...] Continue Reading »
