Maharashtra government's decision to cut stamp duty from 5 per cent to 2 per cent, and other levies for buying and selling of properties in urban and rural areas provided major fillip to realty counters such as Sunteck Realty, Oberoi Realty and Indiabulls Real Estate on the National Stock Exchange (NSE) on Thursday. The state government has cut stamp duty rates from 5 per cent now to 2 per cent in urban areas of the state till December 31 and 3 per cent till March 31, 2021.
Urban local body tax has been retained at 1 per cent. On the other hand, stamp duty rates have been cut from ...
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