Kerala High Court stays revision of stamp duty for land transfer in Lakshadweep
The HinduThe Kerala High Court on Thursday stayed for three weeks the order of the Lakshadweep administration revising the stamp duty for transfer and registration of land on the islands. According to him, the stamp duty for the transfer of an interest of the landed property had been drastically increased from 1% to 6% for females, 7% for a jointly owned property by male and female and 8% for others of the total valuation of the landed property. The stamp duty rate was 1% earlier and there was no division based on caste or gender. The restructuring of the stamp duty rates was part of the administration's attempts to privatise the island by divesting the property amongst the more advanced class who were capable of paying any stamp duty to own the land.