In a welcome move by the Maharashtra State Government on the Maharashtra Stamp Duty Act, the state on Wednesday introduced a Bill amending the said act to scrap the stamp duty on transfer of residential or agricultural property to wife, husband, son, daughter, grandson, and grand-daughter. At present, the stamp duty is 5% of the market value of the property. Revenue minister Eknath Khadse, who announced the relief last week, urged the assembly to ensure it is passed by both Houses before the session ends so that citizens do not have to wait for the relief.
Source: TOI dated 09.04.2015
