The Jammu and Kashmir government today abolished stamp duty on sale of properties registered in the name of women.
The state Cabinet, in a meeting chaired by Chief Minister Mehbooba Mufti, sanctioned reduction of stamp duty and no stamp duty in case the property is registered in the name of a female member of the family, an official spokesperson said here.
He said the cabinet approved levying of stamp duty at the rate of 5 per cent in the urban areas and three per cent in the rural areas if the property is registered in the name of a male member of the family.
However, there will be no stamp duty if the property in both urban as well as rural areas is registered in the name of a female member of the family, the spokesperson said
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