Ashok Gehlot gave this approval in the interest of the real estate sector and the public!

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Taking a sensitive decision in the interest of the real estate sector and home buyers, Chief Minister Ashok Gehlot has approved extending the concession in stamp duty on flats up to Rs 50 lakh till December 31. 

CM Gehlot has given his approval to extend the period of concession of 2 percent in stamp duty on documents of flats up to Rs 50 lakh in multi-story buildings till December 31, 2021. Along with this, the stamp duty has also been reduced from 6 percent to 4 percent on residential plots up to a value of Rs.25 lakh. This exemption will continue till December 31, 2021.

With this decision of Chief Minister Ashok Gehlot, the real estate sector affected by the Kovid epidemic and the general public buying houses will get relief.

It is noteworthy that in view of the upcoming festive season, various organizations related to the real estate sector had urged the Chief Minister to extend the time limit for the exemption given in stamp duty. Taking a sensitive decision in view of the economic impact of the Kovid epidemic, the Chief Minister had earlier extended this period from 30 June to 30 September 2021. It has been extended for another 3 months.