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Key Points

Gujarat Chief Minister Bhupendra Patel has approved an 80% reduction in stamp duty for housing transfers benefiting lower and middle-income groups. The waiver applies specifically to property transfers done through allotment letters or share certificates by societies and associations. Under the new policy, only 20% of the original duty amount plus applicable penalties will be collected. This move aims to significantly reduce financial burdens while maintaining revenue collection through streamlined penalties.

Key Points: Gujarat CM Bhupendra Patel Cuts Stamp Duty 80% for Affordable Housing

  • 80% stamp duty waived for housing society transfers
  • Relief targets lower-middle income groups
  • Policy applies to allotment letters and share certificates
  • Only 20% of original duty plus penalties now payable
2 min read

Gujarat CM Patel waives 80 per cent stamp duty for lower and middle-income housing transfers

Gujarat waives 80% stamp duty for lower-middle income housing transfers, easing financial burdens under CM Bhupendra Patel's new policy.

"Citizens will not face additional financial burden by way of penalties – Gujarat CMO"

Gandhinagar, June 30

Gujarat Chief Minister Bhupendra Patel has taken a major revenue-related decision to provide substantial relief in payable duty amounts for housing transfers concerning the state's lower and middle-income families and individuals, said a release from the Chief Minister's Office (CMO).

According to this important decision, in cases where societies, associations, and non-trading corporations carry out property transfers through allotment letters or share certificates, up to 80 per cent of the payable duty will be waived. Thus, only about 20 per cent of the original duty amount will be collected.

This exemption will be granted under Section 9(a) of the Gujarat Stamp Act, 1958.

Because of provisions introduced by the state government's revenue department under the Stamp Act, the financial burden that previously fell on the middle class in such transfer cases will now be significantly reduced. Chief Minister Bhupendra Patel, displaying sensitivity towards the concerns of these lower and middle-income groups, has adopted a constructive approach, according to the release.

As per this decision, only an amount equal to 20 per cent of the original duty, along with applicable penalties, will now be recovered.

By reducing the originally payable stamp duty, the state government ensures that the total amount paid -- including any penalties -- will not exceed what was earlier payable as duty alone in property-related matters.

"Thanks to Chief Minister Bhupendra Patel's positive and citizen-centric approach, citizens will not face any additional financial burden by way of penalties in such transfer cases," the release said.

It is important to note that the provisions to be issued under the notification pursuant to this decision will apply exclusively to transfers carried out through allotment letters and share certificates by societies, associations, and non-trading corporations.

- ANI

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Reader Comments

S
Shreya B
Good move but implementation is key. Hope the bureaucracy doesn't create new hurdles with complex paperwork. Also, will this benefit reach genuine middle-class buyers or will builders find loopholes?
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Aman W
As someone who just paid full stamp duty last month, I feel cheated! 😅 But happy for future buyers. Government should consider some refund for recent transactions too.
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Priya S
This is exactly what we need - policies that actually help aam aadmi. Stamp duty was a major pain point in property transactions. Hope other states follow Gujarat's lead.
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Varun X
While the intention is good, I worry about the revenue loss for the state. Who will bear this cost ultimately? Hope it doesn't lead to cuts in other welfare schemes.
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Nisha Z
Great decision! My housing society transfer has been pending due to high costs. This will help so many families like ours. Gujarat model showing the way again 💯

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