The Government of Chhattisgarh on February 14, 2025, issued a notification regarding the Stamp Duty Exemption for Landowners Affected by Land Acquisition Industrial Policy 2024 30.
under Section 8(1)(a) of the Indian Stamp Act, 1899, has exempted stamp duty on the purchase of agricultural land/buildings (excluding leasehold land) by landowners affected by land acquisition using compensation amounts, for industrial area reservation, industrial land acquisition, or land banks, subject to conditions.
The following has been stated-
Time Limit – The deed must be executed within 2 years from the receipt of compensation.
Stamp Duty Limit – Exemption applies only up to the compensation amount; duty is payable on any excess market value.
Location – The purchased land/building must be in Chhattisgarh.
Application & Certification –
Affected landowners must apply with a certificate from the land acquisition authority.
The Industries Commissioner/Directorate of Industries or an authorized officer will issue the exemption certificate.
The certificate must be attached to the purchase deed at registration.
Effective Date – Applicable from November 11, 2024.
Non-Retroactive – No exemption for stamp duty paid before notification publication.
Multiple Deeds – If multiple deeds are registered at the same office, the original certificate need not be resubmitted.
[Notification No. F 10-40/2024/B.C. (P)/ Five (19)]
