Chief Minister Ashok Gehlot gave this big discount to the general public in urban areas


Chief Minister Ashok Gehlot has also approved the proposal to give exemption on lease deeds of residential units/flats of multi-storey buildings constructed by government bodies in urban areas. He has given this information through social media. 

He tweeted that with the approval of the proposal, now the common man will have to pay 4 percent stamp duty instead of 6 percent on the lease deed of residential units/flats up to Rs 50 lakh in multi-storey buildings constructed by housing boards, state undertakings, and urban bodies. Along with this, a provision has been made to reduce the stamp duty from 6 percent to 5 percent and registration fee from 1 percent to 0.5 percent on lease deeds issued for the plots allotted/sold by urban bodies to senior citizens.

It is noteworthy that in the Budget 2022-23, the 2 percent concession on stamp duty given in residential units up to Rs 50 lakh in multi-storey buildings in urban areas, so far, is applicable only on sale deeds/conveyance deeds of multi-storey residential buildings constructed by the private sector. 

In residential buildings constructed by Government bodies, this exemption was not applicable as the lease deed was in place of the sale deed. The same situation was in the exemption given to senior citizens in stamp duty and registration fees.