Punjab state
government has decided to remit stamp duty in whole, chargeable on instruments
pertaining to transfer of immoveable property by an owner during his / her
lifetime to any of his blood relations (children, grandchildren, brothers and
sisters).
Earlier, if a person
desirous of transferring his property directly to his / her grandsons was
liable to pay 5 % stamp duty. In case of women, the rate was 3 %. But now, he
would not have to pay any stamp duty at the time of getting any such
transaction registered.
An official
spokesperson said that earlier, the brother-sister relation was not included in
the category of people eligible for remission of stamp duty and they had to pay
full stamp duty on such transactions. Now, any transfer between brother and
sister and vice-versa would not attract any stamp duty.
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