Stamp duty on luxury flats to go up
Stamp duty on luxury flats to go up

BHOPAL: Collector Nishant Warbade instructed officials to increase the stamp duties for the luxury flats for which market rates are higher while collector guidelines had proposed lower rates. He was addressing the meeting held to discuss the claims and objections over collector guidelines on Tuesday.

The decision has been taken to make stamp duties according to market rate of the flats. Therefore, rate of the luxury flats are expected to increase further according to market rate.

The meeting also decided that stamp duty for LIG and MIG flats will not be increased in collector guideline so their rates will not be increased. District registrar NS Tomar said, ” We will prepare the guidelines on the basis of the suggestions given in the meeting. Earlier, we had invited claims and objections on the collector guidelines and it was the meeting to discuss the objections, suggestions”.

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Free Press Journal