Maharashtra Govt. reduces stamp duty on residential house for EWS & LIG groups

Maharashtra Government fixes the stamp duty to the extent of Rs-1000 only as otherwise chargeable under clause (b) of Article 25 of Schedule-I appended to the said Act, on the first instrument for Economically Weaker Section (EWS) & Lower Income Groups (LIG).

REVENUE AND FORESTS DEPARTMENT
Mantralaya,Madam Cama Marg, Hutatma Rajguru Chowk,
Mumbai 400 032, Dated the 31st March 2018.
Order

MAHARASHTRA STAMP ACT.

No. Mudrank-2015/1745/UOR.24/CR-573/M-1.—In exercise of the powers conferred by clause (a) of section 9 of the Maharashtra Stamp Act (LX of 1958) (hereinafter referred to as ‘the said Act’) and in supersession of the Government Order, Revenue and Forests Department, No. Mudrank-2015/1745/ U.O.R.24/CR-573/M-1, dated the 1st December 2016, the Government of Maharashtra, being satisfied that it is necessary to do so in the public interest, hereby reduces and fixes the stamp duty to the extent of Rs.1000/-(Rupees One Thousand only) as otherwise chargeable under clause (b) of Article 25 of Schedule-I appended to the said Act, on the first instrument of transaction, ‘between the project Proponent/s and the Purchaser of any unit belonging to the beneficiary of Economically Weaker Section (EWS) or Lower Income Group (LIG) category for the allotment of residential premises as specified in the Schedule appended hereto, relating to the property located in the areas as approved under the Pradhan Mantri Awas Yojana- Housing for All (Urban), a Centrally Sponsored Scheme of the Ministry of Housing and Urban Poverty Alleviation, Government of India, subject to the following conditions, namely:—

Conditions—

(1) Maharashtra Housing and Area Development Authority (MHADA) must certify that the Project is an approved project under the Pradhan Mantri Awas Yojana- Housing for All (Urban).

(2) The Master Layout Plan or subsequent building plan of an approved project under the Pradhan Mantri Awas Yojana- Housing for All (Urban) must be sanctioned or approved by the Planning Authority.

(3) The Occupancy Certificate must be granted by the concerned Planning Authority.

(4) The project proponent or the Purchaser of any unit which availed the reduction under this Order shall not be entitled for concession or remission of stamp duty as per any other order or policy.

(5) No refund shall be granted where stamp duty has already been paid by any project proponent or the Purchaser of any unit prior to the date of publication of this Order in the Maharashtra Government Gazette.

(6) Any project proponent or the Purchaser of any unit for which the reduction in the stamp duty is granted under this Order, and which fails to fulfill the purpose or objectives of the said policy or commits breach of any of the conditions or special regulations as specified in the said policy or this order, shall be liable to pay the whole stamp duty and penalty, if any, as if there was no reduction in stamp duty from the beginning.

Explanation—(1) For the purposes of this Order, unit means, a residential unit.

(2) For the purposes of this Order, “the first instrument of transaction” means, the first document executed between ‘the project Proponent/s’ and ‘the Purchaser’ (hereinafter referred to as ‘the original purchaser’) in respect of residential unit located in the areas as approved under the ‘Pradhan Mantri Awas Yojana- Housing For All (Urban)’ Project area (hereinafter referred to as ‘the said area’). It does not include the instrument or document/s executed between the original purchaser from the project Proponent/s and the subsequent purchaser of a residential unit located in the said area. Thus, within the said area a further transaction from the original purchaser to the next purchaser is not eligible for the reduction in the stamp duty under this order.

Schedule

By order and in the name of the Governor of Maharashtra,

PRITAMKUMAR V. JAWALE,
Desk Officer.