Up next
Tags

The state government last week announced that it will be charging a stamp duty of Rs 1,000 only for the Economically Weaker Section (EWS) and Lower Income Group (LIG) homes under the ambitious Pradhan Mantri Awas Yojna (PMAY).

State’s deputy chief minister and housing minister Devendra Fadnavis tweeted that the government in its latest cabinet meeting has approved the decision.

Only Rs 1k stamp duty for EWS and LIG homes under PMAY
Only Rs 1k stamp duty for EWS and LIG homes under PMAY

This good news is for first-time home buyers who plan to buy cheap affordable homes in Maharashtra under the PMAY scheme.

The state’s Stamp Duty and Registration department will collect only Rs 1,000 as stamp duty fee, instead of the usual six per cent (Mumbai) on registration of homes.

Why it has to be a first home of the homebuyer, because under the PMAY scheme anyone availaing the benefit of the subsidy cannot have a pucca house on his name throughout the country.

Not only this, but even the leave and license agreement will now attract a stamp duty of Rs 1000 informed Fadnavis in his tweet.

Also Read: Mumbai registers 9839 properties in May generates Rs 726 Cr Stamp Duty

SHARE ON
TwitterWhatsappFacebookBufferLinkedInPin It
You May Also Like
Investment in Indian real estate

Indian Real Estate: Riding Higher in 2025

The Indian real estate market is on track for a robust 2024, driven by key regulatory reforms, increased transparency, and a favorable economic environment. From a strong demand for Grade A office spaces across major cities to continued growth in residential and industrial sectors, all asset classes are poised for impressive performance. Institutional investments are expected to remain healthy, with a particular focus on Tier-II/III cities, offering opportunities for higher returns due to urbanization and infrastructure development.
Urban Forest

URBAN FOREST IN A RESIDENTIAL TOWNSHIP USING MIYAWAKI TECHNIQUE

FIRST URBAN FOREST IN A RESIDENTIAL TOWNSHIP USING MIYAWAKI TECHNIQUE LAUNCHED ON…
Nirmala Sitharaman to present the union budget

Real Estate’s Wish-list for Union Budget 2024-25

By Anuj Puri, Chairman – ANAROCK Group With Union Budget 2024-25 set…
In a scathing order, Bombay HC has exposed CIDCO’s 37-year-old “forgotten land” scandal in Navi Mumbai and ordered fresh acquisition under the 2013 Act with full compensation — a landmark blow for property rights.

After 38 Years, Bandra Property Dispute Between Brothers and Sister Finds Peace

A 38-year-old sibling rivalry over a heritage home in Bandra West concludes as the Bombay High Court upholds the denial of probate to Maria Coelho’s 1982 Will, citing unresolved suspicious circumstances, in a final judgment that emphasizes the propounder’s duty to dispel doubts in testamentary matters.