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Is there concession of stamp duty if property is leased to family members?

April 26, 2017concession duty family leased members Property stamp

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Is there concession of stamp duty if property is leased to family members?

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Ans: Yes. There is concession. If lessee in relation to lesser is husband, wife, father, mother, son, daughter, brother, sister, maximum stamp duty payable is Rs.1000. If it is lease is in perpetuity, additional stamp duty for local bodies shall be paid.