Buying a property in Maharashtra? Now get concession on stamp duty for women

Ajit Pawar, Finance Minister, on the occasion of International Women’s Day declared the concession on stamp duty for property in women’s name
Buying a property in Maharashtra? Now get concession on stamp duty for women
Representative imageImage source: The Bridge Chronicle

Mumbai: In a move that could give push to women’s ownership of property, Maha Vikas Aghadi (MVA) led by Chief Minister Uddhav Thackeray on Monday declared a concession in stamp duty for registering a property solely in a woman’s name.

Ajit Pawar, Finance Minister, on the occasion of International Women’s Day declared the concession under the Rajmata Jijau Griha-Swamini Yojana.

Pawar said, “I propose concession in stamp duty of 1 per cent over the principal rate exclusively to women provided the transfer of house property or registration of sale deed is in the name of woman or women only.” Pawar also stated that in a joint ownership, the concession in stamp duty would not be given if there is a man as a joint owner with the woman.

Currently, the homebuyer has to pay up to 4 per cent of agreement value of the property as stamp duty.

FREE TRAVEL FOR GIRLS

The Krantijyoti Savitribai Phule scheme of the government will permit free travel for girl students in rural areas, from their villages to the schools, via Maharashtra State Transport (MSRTC) buses. The government will also provide 1,500 environment-friendly CNG and hybrid buses to the MSRTC on a priority basis.

0 PER CENT INTEREST ON FARM LOAN

In another decision, Deputy CM Ajit Pawar stated that the farmers in Maharashtra will be permitted to repay their farm loans with 0 per cent interest and the amount will be borne by the government. “Farmers can now repay their farm loans with 0 per cent interest. The amount will be borne by the government. No interest will be charged on crop loans amounting up to Rs three lakh,” Pawar said.

Also read: Maharashtra Budget 2021: Farmers can now repay loans with 0 per cent interest

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