Gandhinagar, March 31 -- The Gujarat government has fixed a nominal stamp duty of Rs 300 for internal land transactions among lineal and collateral heirs, in a move aimed at simplifying property transfers and reducing disputes.
The decision provides relaxation from the existing jantri-based stamp duty system for inheritance-related land transactions, according to an official statement, reported The Times Of India.
Relief for Family Property Transfers
Under the revised provision, when one or more heirs relinquish their rights in favour of other heirs recorded under inheritance entries, a stamp duty of Rs 300 will be levied on each deed of relinquishment.
Similarly, in cases where jointly held inherited land is partitioned, whether in...