Maharashtra Stamp Duty: Buying a house cheaper in Maharashtra, stamp duty reduced from 5% to 2%

Mumbai: Like other states, Maharashtra’s economy has deteriorated due to Corona epidemic. Because of the epidemic in the entire state, small and big businesses are completely closed. Due to which Maharashtra Government (Maharashtra Govt) is losing crores of rupees every day. In such a situation, the Maharashtra government has reduced the stamp duty from 5 per cent to 2 per cent, taking a big spread on Wednesday. With this decision of the government, buying a house in Maharashtra will become cheaper now.

Maharashtra has a 5% stamp duty as per the decision taken by the government. But after this decision of the government, it will remain 2% till December. From January to March, it will be 3%. After this decision taken by the government, home buyers in Maharashtra will now have to pay stamp duty 2 percent instead of 5 percent. Due to this decision of the government, Maharashtra was losing crores of rupees every day. It can be compensated to some extent. Also read: Coronavirus In Maharashtra: 14,492 new cases of corona virus infection in Maharashtra, 297 people died

Explain that in 2019-20, the government had an income of Rs 13,304.42 crore from the registry of houses. But, in the four months between April and July, it was reduced to only 3258.60 rupees. For this reason, a decision has been taken by the government to give exemption in stamp duty.indja