Stamp Duty Exemption for Property Registration
State Finance Department
Last updated:
Overview
The scheme aims to provide financial relief during property registration by offering exemptions or rebates in stamp duty to specific sections of society.
Details
The ‘Stamp Duty Exemption for Property Registration’ scheme is implemented by the Department of Stamps and Registration under the Finance Department, Government of Uttarakhand. It aims to provide financial relief during property registration by offering exemptions or rebates in stamp duty to specific sections of society.
Exclusions
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Benefits
• Under this scheme, stamp duty exemptions are provided at the time of property registration to:
• Include deprived sections of society in the mainstream of development.
• Promote economic upliftment.
• Support improved performance in agriculture-related activities.
• Recognize and give importance to the state’s military personnel.
Eligibility Criteria
1. The beneficiary must be a resident of Uttarakhand.
2. The beneficiary must belong to one of the following categories:
3. - A woman
4. - A person with a disability
5. - A serving or retired state military officer/personnel
6. - An individual taking a loan for the purpose of agricultural activities
7. <br>
Required Documents
• Documents are required in accordance with the guidelines of the Department of Stamps and Registration to avail the benefits under the scheme.
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Frequently Asked Questions
Q: Who can benefit from this scheme?
A: The beneficiaries include:
- Women
- Persons with disabilities
- Serving or retired State military officers/personnel
- Individuals taking loans for agricultural activities
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Q: What is the rebate for a woman buyer under this scheme?
A: A woman buyer is eligible for a 25% rebate in stamp duty on the transfer of immovable property up to the value of ₹25 lakh, a maximum of two times in her lifetime.
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Q: What rebate is provided to persons with disabilities?
A: A disabled person is eligible for a 25% rebate in stamp duty on the transfer of immovable property up to the value of ₹25 lakh, a maximum of two times in his lifetime.
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Q: What is the benefit for serving or retired military officers/personnel?
A: They are eligible for an exemption of up to 25% in stamp duty on the transfer of immovable property up to the value of ₹25 lakh.
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Q: What exemption is available for agricultural loans?
A: Exemption from stamp duty is provided on mortgage deeds executed for loans taken for agricultural activities.
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Q: Is there a limit on the property value for availing the rebate/exemption?
A: Yes, the rebate or exemption is applicable on immovable property valued up to ₹25 lakh.
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Q: How is the rebate applied during registration?
A: The rebate is applied at the time of property registration by the registering authority based on submitted documents.
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Eligibility Criteria
The beneficiary must be a resident of Uttarakhand.
The beneficiary must belong to one of the following categories:
- A woman
- A person with a disability
- A serving or retired state military officer/personnel
- An individual taking a loan for the purpose of agricultural activities
<br>
Benefits
Under this scheme, stamp duty exemptions are provided at the time of property registration to:
Include deprived sections of society in the mainstream of development.
Promote economic upliftment.
Support improved performance in agriculture-related activities.
Recognize and give importance to the state’s military personnel.
Required Documents
| # | Document |
|---|---|
| 1 | Documents are required in accordance with the guidelines of the Department of Stamps and Registration to avail the benefits under the scheme. |
| 2 | <br> |
Frequently Asked Questions
The beneficiaries include: - Women - Persons with disabilities - Serving or retired State military officers/personnel - Individuals taking loans for agricultural activities <br>