Maharashtra government extends stamp duty amnesty scheme until June 2024 providing relief to property owners
1 year ago

Maharashtra government extends stamp duty amnesty scheme until June 2024 providing relief to property owners

Hindustan Times  

The Maharashtra government has decided to extend the stamp duty amnesty scheme for the third time until June 30, 2024, providing relief to property owners. Earlier, the state government on January 31 this year had extended the term of the Stamp Duty Amnesty Scheme up to March 31 this year in the wake of low mobilization of revenue. The stamp duty amnesty scheme The stamp duty amnesty scheme is called ‘Mudrank Shulakh Abhay Yojana’. "Extending the stamp duty amnesty scheme till June 30, 2024, by the Maharashtra government is a prudent move that will provide much-needed relief and support to the real estate sector.

Property Maharashtra 2024 Estate Real Scheme Property Owners Stamp Stamp Duty This Scheme Maharashtra Government Duty Amnesty  property  providing  owners  scheme  maharashtra  2024  extends  duty  amnesty  real  relief  market  estate  stamp

History of this topic

Maharashtra Budget 2025 proposes an increase in stamp duty on supplementary property documents from ₹100 to ₹500
2 weeks, 2 days ago

Maharashtra Budget 2025 proposes an increase in stamp duty on supplementary property documents from ₹100 to ₹500

Hindustan Times  

The Maharashtra Budget 2025 has proposed raising the stamp duty on supplementary documents from ₹100 to ₹500 under Section 4 of the Maharashtra Stamp Act. The Maharashtra Budget 2025 has proposed raising the stamp duty on supplementary documents from ₹ 100 to ₹ 500 under Section 4 of the Maharashtra Stamp Act. The government has proposed a new provision for …

Amnesty schemes help state recover ₹3,150 crore in tax revenue
8 months, 3 weeks ago

Amnesty schemes help state recover ₹3,150 crore in tax revenue

Hindustan Times  

MUMBAI: Two amnesty schemes implemented in the last two financial years helped the state government to recover tax revenue of over ₹3150 crore and settle outstanding bills, reducing its outstanding tax revenue from ₹1.92 lakh crore in 2022-23 to ₹1.51 lakh crore in 2024-25. HT Image According to the budget documents tabled in the state legislature last week, the outstanding …

Maharashtra Budget 2024 allocates ₹7425 crore for construction of 35 lakh affordable homes
8 months, 3 weeks ago

Maharashtra Budget 2024 allocates ₹7425 crore for construction of 35 lakh affordable homes

Hindustan Times  

Maharashtra government’s Interim Budget for 2024-2025 has set a target to construct 35 lakh affordable homes in the next five years through various housing schemes, including Pradhan Mantri Awas Yojana, for which it has allocated ₹7425 crore. Maharashtra government’s interim budget for 2024-2025 has set a target to construct 35 lakh affordable homes in the next five years through various …

Govt proposes amnesty scheme to recover disputed stamp duty worth ₹2,900 crore
1 year, 5 months ago

Govt proposes amnesty scheme to recover disputed stamp duty worth ₹2,900 crore

Hindustan Times  

MUMBAI: With stamp duty-related disputes worth ₹2,900 crore pending with the government for over three decades, the department of registration and stamps has proposed the launch of an amnesty scheme. With a likely waiver in both the penalty and the stamp duty amount, the state expects to recover at least ₹500 crore. We levy an annual penalty of 24 percent …

Maharashtra govt’s makes big announcement for women homebuyers
1 year, 9 months ago

Maharashtra govt’s makes big announcement for women homebuyers

Live Mint  

The Maharashtra government has relaxed a significant restriction that it had imposed on women property buyers who get a 1% rebate on stamp duty on their purchase. The Maharashtra government did not allow women property buyers who are availing the benefit of a 1% rebate on stamp duty to sell residential units to a male buyer for the next 15 …

Pune real estate body urges govt to slash stamp duty
1 year, 11 months ago

Pune real estate body urges govt to slash stamp duty

Hindustan Times  

Stressing that it will be a win-win situation for consumers, real-estate industry and the state government, CREDAI Pune Metro has written to chief minister Eknath Shinde, deputy chief minister Devendra Fadnavis and top Inspector General of Registration -stamp officials to reduce stamp duty rates. Every year, government revises ready reckoner rates from April 1 The real estate body has urged …

Delhi LG Launches One-Time Property Tax Amnesty Scheme 'SAMRIDDHI 2022-23'
2 years, 5 months ago

Delhi LG Launches One-Time Property Tax Amnesty Scheme 'SAMRIDDHI 2022-23'

ABP News  

Delhi Lieutenant Governor Vinai Kumar Saxena Tuesday launched a one-time property tax amnesty scheme "SAMRIDDHI 2022-23", saying it will provide a major relief to lakhs of residential and commercial property owners in the city. Under the scheme, residential property owners can pay just the principal property tax amount of the current and of the past five years. "The taxpayers of …

Stamp Duty Refund Also Applicable To All Development Agreements Signed Between Sep, 2020- March 2021 - Bombay High Court
2 years, 10 months ago

Stamp Duty Refund Also Applicable To All Development Agreements Signed Between Sep, 2020- March 2021 - Bombay High Court

Live Law  

All Development Agreements signed between September 1, 2020 and March 31, 2021 would qualify for 1.5-2% refund of stamp duty as per the scheme announced by the Maharashtra Government during the Covid-19 pandemic in the year 2020, the Bombay High Court ruled. In a landmark judgement last week, the HC held that the stamp duty payable on a Development Agreement …

Mumbai Homebuyers Can Avail Rs 5 lakh Discount, Low Stamp Duty Rate till 15 May
3 years, 10 months ago

Mumbai Homebuyers Can Avail Rs 5 lakh Discount, Low Stamp Duty Rate till 15 May

News 18  

Runwal Group, one of the leading developers in Maharashtra, on Tuesday said that it has launched ‘Runwal Summer Online Home Fest’ for homebuyers. It is a platform that offers price benefits, lucky draws, several payment plans and stamp duty discounts to customers. Homebuyers will get several discounts on various projects of Runwal Group — Runwal Bliss and Runwal Avenue at …

Maharashtra Govt Temporarily Reduces Stamp Duty to 2% to Boost Demand in Real Estate Amid Slowdown
4 years, 7 months ago

Maharashtra Govt Temporarily Reduces Stamp Duty to 2% to Boost Demand in Real Estate Amid Slowdown

News 18  

In a bid to encourage buying in the retail sector hit by COVID-19, the Maharashtra government on Tuesday temporarily reduced stamp duty on housing units from 5 per cent to 2 per cent until December 31, 2020. Real estate developers had been asking for a reduction in stamp duty following the lockdown to encourage homebuyers to buy properties during the …

Maharashtra cuts stamp duty on property in Mumbai, Pune, Nagpur
5 years ago

Maharashtra cuts stamp duty on property in Mumbai, Pune, Nagpur

Live Mint  

In its maiden budget, the MVA government in Maharashtra today announced tax some tax concession proposals. This included 1 per cent stamp duty concession for the next two years and other related charges applicable on registration of documents in the areas falling under the Mumbai Metropolitan Region Development Authority and municipal corporations of Pune, Pimpri-Chinchwad and Nagpur. Deputy Chief Minister …

Discover Related