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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

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