Stamp Price Increase 2024 In India. States charging high stamp duties on purchase of properties will be encouraged to bring down the rates, union. The finance ministry said a draft indian stamp bill, 2023 has been proposed to align the law with a modern stamp duty regime (file photo/representative image) “the new law.
The centre has released a draft of the proposed indian stamp bill, 2023, to replace the outdated india stamp act, 1899. This means that stamp duty on properties in mumbai, pune, and nagpur, was charged at 5% (4% stamp duty + 1% metro cess).
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