In Rajasthan, the Rajasthan Investment Promotion Scheme-2019 provides exemptions and reimbursement of stamp duty for certain scenarios:
Abandonment of Rights:If a person abandons their rights in a property, the stamp duty implications depend on the specific circumstances.
The scheme allows exemption from 75% of stamp duty and reimbursement of 25% of stamp duty for:
Purchase or lease/sub-lease of land with construction or improvement.
Purchase or lease/sub-lease of floor area/space in a constructed commercial building for setting up an enterprise in IT, Apparel, or Industry 4.0 sectors.
When a husband gifts real estate to his wife, no stamp duty is applicable in Rajasthan.
However, if the property is transferred to other family members (such as parents, children, siblings, etc.), a nominal stamp duty of 2.5% is levied.
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What is the provision for exemption in stamp duty in Rajasthan in case of abandonment of rights and no blood relation?
ADV.KHATANA
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2024-05-15T11:28:41+00:00 2024-06-26T15:55:54+00:00Comment
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