Intra-family property transfer made easier
LUCKNOW, Jan. 7 -- The Uttar Pradesh cabinet on Tuesday approved a proposal for a major reform simplifying intra-family transfers by extending the stamp duty relief on gift deeds among family members even for commercial and industrial properties.
Chief minister Yogi Adityanath presided over the meeting of the state cabinet that approved 13 proposals including the one to cap the stamp duty on gifted properties among family members at Rs.5,000 both in rural and urban areas.
Minister for stamps and registration Ravindra Jaiswal said earlier the stamp duty on commercial properties was levied at 7 percent in urban areas and at 5 percent in rural areas. P3...
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