Srinagar, Jan. 5 -- Land is all set to become costlier in Kashmir after government hiked the stamp duty by 20 per cent for different categories.
The new stamp duty, which has come into effect from January 1, has been approved after district valuation committees submitted the list of revised rates to the government.
Sources said the new stamp duty was fixed after taking into consideration nature, type and location of the land.
"There will be different stamp duties for irrigated, un-irrigated, residential, commercial and roadside lands. Proximity to the road or inner areas has been taken into consideration while fixing the rates," an official of Revenue Department said.
Official document accessed by The Kashmir Monitor reveals that the go...