Finance Department of Rajasthan reduces stamp duty on flats or residential units

Aug 02, 2022 | by TeamLease RegTech Legal Research Team

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Commercial ComplianceThe Finance Department of Rajasthan on August 02, 2022, issued a notification regarding the stamp duty on the instruments relating to a flat or residential unit, market value of which does not exceed Rs 50 lacs, in a multistorey building exceeding four floors shall be reduced and charged at the rate of 4%, if such instrument is executed and presented for registration upto March 31,2023.

The following stamp duty of deeds have been reduced:

• conveyance deed

• lease deed issued/executed by the State Government, Local Authorities, Public Enterprises or any other Government Bodies in consequence of allotment or sale. 

This notification shall come into force from April 01,2022. 

[No.F.4(2)FD/Tax/2018-16]


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