Maharashtra Govt announces concession in stamp duty for property in women’s name
The government used the symbolism of International Women's Day to announce a slew of other schemes aimed at women in the budget.
Ajit Pawar on Monday said a relief package will be announced in two days for the flood affected people across the state (File) In a move that could give impetus to women’s ownership of property, the state government on Monday announced a concession in stamp duty for registering a property solely in a woman’s name.
Ajit Pawar, Deputy Chief Minister and Finance Minister, announced the concession under the Rajmata Jijau Griha-Swamini Yojana.
“I propose concession in stamp duty of 1 per cent over the prevailing rate exclusively to women provided the transfer of house property or registration of sale deed is in the name of woman or women only,” said Pawar, adding that the concession will be given from April 1, 2021.
He clarified that in a joint ownership, the concession in stamp duty would not be given if there is a man as a joint owner with the woman. “Both should be women,” he added.
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