Overview
- The cabinet extended the existing family-transfer concession to cover commercial and industrial immovable property, fixing stamp duty at a maximum of ₹5,000 regardless of market value.
- The concession applies statewide in both urban and rural areas, replacing earlier commercial rates of about 7% in cities and 5% in villages.
- Gift deeds for immovable property remain subject to compulsory registration under law, and a 1% registration fee will still be charged.
- Officials approved clarified definitions of eligible family members and procedural steps to ensure consistent implementation at registration offices.
- The cabinet cleared free transfer of 0.0920 hectares in Kushinagar and 0.0638 hectares in Jhansi for new sub-registrar offices, with exemptions from stamp duty and registration fees.