CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which state Government abolishes stamp duty on sale of properties in women’s name?
A
Jammu and kashmir
B
Andhra Pradesh
C
Himachal Pradesh
D
Kerala
Explanation: 

Detailed explanation-1: -The Maharashtra State Government has announced a concession of 1% on stamp duty for ladies in its budget for 2021-22. An announcement was made by the deputy chief minister for the women under Rajmata Graha Swamini Yojana who desire to buy residential property (house, flat, bungalow, etc.)

Detailed explanation-2: -The Maha government expects Rs 900 through metro cess from the remaining cities. The Maharashtra government passed a bill in the state assembly on March 23, 2022 under which there is a stamp duty Maharashtra waiver on properties on resale from one year to three years.

Detailed explanation-3: -Stamp duty is a legal tax payable in full and acts as an evidence for any sale or purchase of a property. The levy of stamp duty is a state subject and thus the rates of stamp duty vary from state to state. The Centre levies stamp duty on specified instruments and also fixes the rates for these instruments.

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