Madhya Pradesh hikes 1% stamp cess on sale of property

Madhya Pradesh hikes 1% stamp cess on sale of property

 

By Accommodation Times News Service

Madhya Pradesh cabinet chaired by chief minister Shivraj Singh Chouhan increased stamp duty on sale of property by one per cent while decreasing the stamp duty on lease agreement of land `pattas’

Madhya Pradesh cabinet chaired by chief minister Shivraj Singh Chouhan approved amendment of section 147 of the Land Revenue Code (1959) Bill to bring under its purview institutions like banks, insurance companies and various independent corporations. Cabinet also increased stamp duty on sale of property by one per cent while decreasing the stamp duty on lease agreement of land `pattas’.





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