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Himachal Bill Proposes Lower Property Stamp Duty for Women

Himachal Bill Proposes Lower Property Stamp Duty for Women
Himachal govt to relax property buying rules, especially for women · thehansindia.com

The Himachal Pradesh government wants to change the rules for buying and transferring property.

A new bill would make the rules simpler and replace an old list of charges.

Women buying or receiving certain properties would pay a lower stamp duty on properties worth up to Rs 1 crore.

Men and others would have different rates based on the property value.

Moving property between close family members would become much cheaper.

Some transactions involving special permission to acquire land would still have a 12% duty.

Affidavits made at tehsil offices would need a Rs 100 stamp.

Adoption deeds would cost Rs 2,000 under the proposed rules.

Key facts

Women’s rate
4% stamp duty for property worth up to Rs 1 crore; 8% above Rs 1 crore.
Men and others
6% for property registration up to Rs 40 lakh; 8% above Rs 40 lakh.
Family transfers
Transfers between spouses or blood relatives would carry a 0.1% stamp fee.
Section 118 transactions
Transactions involving special permission to acquire or lease land would carry a 12% stamp duty, with no gender distinction.
New schedule
The government plans to replace the existing list with a simplified Schedule 1-A.
Affidavits
Standard affidavits prepared at tehsil offices would require a Rs 100 stamp.
Adoption deeds
Executing legal documents for child adoption would cost Rs 2,000.

Sources

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