Srinagar, March 28 -- The Jammu and Kashmir government has announced a full waiver of stamp duty on property transfers through Gift Deeds among blood relations. This significant decision, effective from April 1, 2025, aims to reduce financial burdens on families and facilitate smoother property transactions within immediate family members.

The Finance Department issued Notification S.O. 75 on March 27, 2025, under the provisions of the Stamp Act. The exemption applies to property transfers among close relatives, including parents, siblings, children, grandparents, and grandchildren. The move is expected to simplify legal procedures and promote the transfer of ancestral or gifted properties without additional financial strain.

To avail o...