According to this important decision, in cases where societies, associations, and non-trading corporations carry out property transfers through allotment letters or share certificates, up to 80 per cent of the payable duty will be waived. Thus, only about 20 per cent of the original duty amount will be collected
Gujarat Chief Minister Bhupendra Patel. File pic
Gujarat Chief Minister Bhupendra Patel on Monday took a major revenue-related decision to provide substantial relief in payable duty amounts for housing transfers concerning the state's lower and middle-income families and individuals.
According to this important decision, in cases where societies, associations, and non-trading corporations carry out property transfers through allotment letters or share certificates, up to 80 per cent of the payable duty will be waived. Thus, only about 20 per cent of the original duty amount will be collected.
This exemption will be granted under Section 9(a) of the Gujarat Stamp Act, 1958.
Due to the provisions introduced by the state government's revenue department under the Stamp Act, the financial burden that previously fell on the middle class in such transfer cases will now be significantly reduced.
The CM, displaying sensitivity towards the concerns of these lower and middle-income groups, has adopted a constructive approach.
As per this decision, only an amount equal to 20 per cent of the original duty, along with applicable penalties, will now be recovered.
By reducing the originally payable stamp duty, the state government ensures that the total amount paid, including any penalties, will not exceed what was earlier payable as duty alone in property-related matters.
It is essential to note that the provisions to be issued under the notification, under this decision, will apply exclusively to transfers made through allotment letters and share certificates by societies, associations, and non-trading corporations.
Earlier, on June 28, the CM inaugurated the National Level Senior Women's Handball Championship, organised by the Sardar Patel Vidya Sankul of the Kutchi Leva Patel community in Bhuj, by lighting the ceremonial torch and performing the coin toss.
Extending his best wishes to the women athletes, the Chief Minister stated that the high-level sports culture flourishing in Gujarat is a result of the visionary leadership of Prime Minister Narendra Modi, as per a press release from the Gujarat CMO.
By giving sports equal priority alongside education, the Prime Minister has enabled sporting talents to shine across the nation through initiatives like Khelo India. Hosting the 54th Senior Women's National Handball Championship 2025 stands as a great example of this vision.
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