No stamp duty for legal heirs in Punjab

The Punjab government Friday waived off the stamp duty on the transfer of urban properties to legal heirs provided the transfer deed is done during the lifetime of the owner.

Revenue and Rehabilitation Minister Ajit Singh Kohar said that the step will help curb rising number of property disputes.

People earlier had to pay the stamp duty of six percent even while transferring property in the name of legal heirs during their lifetime.

Kohar said revenue officers were being directed to fully satisfy themselves regarding the genuineness of transfers eligible for the waiver.

Source://newkerala.com