Thursday, March 28, 2024

Concessions to women, poor and middle class people in registration of real estate

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The Chhattisgarh government has given many concessions to women, poor and middle class people in getting registration of real estate. The registration and stamping department of the state government has removed the ban on the sale and registration of plots up to five decals to facilitate the registration of owners of small plots of land. There has been a 30 percent reduction in the guideline rates of the market price. There is a concession in registration fee for the purchase of residential buildings. For the purpose of women empowerment, one percent concession is being given in stamp duty in case of transfer of property in favor of women. With these concessions, people are registering a large number of documents. Due to which the government is also receiving revenue.

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