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MP govt reduces cess on stamp duty on urban property transactions from 3% to 1%

Bhopal (Madhya Pradesh) [India], September 7 (ANI): A cess of one per cent on stamp duties, reduced from earlier 3 per cent, will be levied on all urban area property transactions, said Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Monday.

ANI Sep 07, 2020 18:01 IST googleads

Madhya Pradesh Chief Minister Shivraj Singh Chouhan speaking to media on Monday.

Bhopal (Madhya Pradesh) [India], September 7 (ANI): A cess of one per cent on stamp duties, reduced from earlier 3 per cent, will be levied on all urban area property transactions, said Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Monday.
"Economic activities were almost totally halted due to COVID-19 lockdown. The real estate business was affected. Keeping this in view, a cess of 1 per cent on stamp duties, reduced from earlier 3 per cent, will be levied on all urban area property transactions. This will be applicable till December 31," Chouhan told media on Monday. (ANI)

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