Stamp duty on leave and license agreements slashed in Maha
Mumbai: Rates of stamp duty in Mumbai and
suburbs on Leave and License Agreements will be lowered to
bring uniformity with existing rates in other major cities
like Pune and Thane district.
A bill to this effect was passed in the legislative
Minister of State for Revenue, Prakash Solanke said the
stamp duty of Rs 750 will be brought down to Rs 600 where the
amount of average annual rent plus the amount of security
deposit or money advanced or to be advanced does not exceed
Rs 2.5 lakh for a single term of twelve months.
Similarly, the duty of Rs 1500 will be brought down to
Rs 1200 where the amount of average annual rent plus the
amount of security deposit or money advanced or to be advanced
exceeds Rs 2.5 lakh but does not exceed Rs 5 lakh for a single
term of eleven months.
The duty of Rs 3000 has been brought down to Rs 2000
where the amount of average annual rent plus the amount of
security deposit or money advanced or to be advanced exceeds
Rs five lakh but does not exceed Rs 20 lakh for a single term
of eleven months, the minister said.
Instead of Rs ten, Rs 100 will be charged as stamp duty
on the counterpart or duplicate of any instrument.
Solanke said the revenue earning of state government
through stamp duty till February 2010, stood at Rs 8800 crore.
More from India
More from World
More from Sports
More from Entertaiment
- Trouble mounts for Salman Khan as driver reiterates that actor killed blackbuck
- PM Modi to chair NITI aayog meeting today
- Narsingh Yadav dope scandal: NADA set to announce verdict today
- Protests in Kashmir were fuelled by LeT: Hafiz Saeed
- Cabinet approves changes to GST Bill, drops 1% additional tax
- Stick to my statement that Salman Khan killed Chinkara, says 'missing' driver
- Eye on China? India to buy four P-8I aircraft from US for maritime surveillance over Indian Ocean Region
- Terrorist captured in J&K's Kupwara district is Pakistani national from Lahore: Report
- No question of tampering with samples of shot putter Inderjeet Singh: NADA boss
- New Israeli settlement plans `provocative and counterproductive`: US