2024-25 Union Budget proposes states with high stamp duties lower them and reduce duties for women property buyers as part of urban development schemes.

Finance Minister Nirmala Sitharaman proposed in the Union Budget 2024-25 that states with high stamp duties on property purchase should moderate their rates and further lower duties for properties bought by women. This reform will be an integral part of urban development schemes, encouraging states to consider lowering stamp duties. Stamp duty is a tax imposed by state governments on property sale and ownership.

July 23, 2024
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