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Is there a concession of stamp duty if the property is leased to family members?
Is there a concession of stamp duty if the property is leased to family members?
Shaima
Answered on December 23,2019
Answered on December 23,2019
Yes. There is a concession. If lessee in relation to lesser is husband, wife, father, mother, son, daughter, brother, sister, maximum stamp duty payable is Rs.1000. If it is lease is in perpetuity, additional stamp duty for local bodies shall be paid.