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Home > Forum > Hyderabad > Real estate News > Stamp duty on sale of land in Hyderabad is reduced

Stamp duty on sale of land in Hyderabad is reduced

Q: Heard that the state government reduced stamp duty on major transactions including sale of land. KIndly discuss the news.

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Replies (2)
1
The news says that stamp duty was brought down to 1 per cent and in case the transaction is between family members, it was slashed to 0.5 per cent.
Vivek Kulkarni


2
@Pravallika: Heard that the the state government reduced stamp duty on major transactions including sale of land. This move was forced by the Centre which is providing huge funds under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) scheme.
Vivek Kulkarni


Do you know how much percentage is reduced in sales agreement ? Can you please provide some information ?
Balwinder Singh,  
17th December 2013


The sale agreement and exchange of property was reduced from 5 per cent to 4 per cent. A major boost to real estate, stamp duty on construction agreement was reduced to 0.5 per cent from 5 per cent.
Vivek Kulkarni,  
17th December 2013


Gurmeet
Yes Vivek you are right and Stamp duty on lease deeds for less than one year will be 0.4 per cent of the total lease amount.
Gurmeet,  
17th December 2013


3

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