Property News

Remission of stamp responsibility on Deed of Gift of Lease Hold Property in favour of a member of the household

WHEREAS the Governor believes that there are life like grounds for doing so; AND WHEREAS the stamp obligation is being charged in phrases of this Deptt. Order No.884-F.T./FT/O/2E-22/l O dated 15.6.2010 for the deed of present bearing on to the venture of leasehold proper of immovable property in favour of household member(s), the place Government of West Bengal is the lessor;

NOW, THEREFORE, in exercising of the energy conferred by way of clause (a) of sub-section (1) of part 9 of the Indian Stamp Act, 1899 (2 of 1899) (hereinafter referred to as the stated Act), and in a partial change of the stated Order No.884-F.T./FT/O/2E-22/10 dated 15. 6. 2010 issued utilizing this Department, the Governor is hereby thrilled to remit the distinction between the applicable stamp obligation beneath Article sixty-three and Article 33(i) of the Schedule – IA of the said Act, chargeable on the market price of the immovable property, residential in nature, m connection with the switch of a leasehold right, acquired on rent through any character from the Government of West Bengal or its mission or parastatal body, or any individual, by way of the presence of such residential property in favour of the member(s) of his/her family, as defined underneath the head ‘Proper Stamp Duty’ of Article 33 of the stated Schedule – IA, with the prior permission of the worried head lessor/leasing authority.

2. The Governor is, in addition, thrilled to order that such remission of stamp obligation shall now not be allowed in any switch of such leasehold residential property to any individual different than the individuals of the household with the aid of the current lessee/sub-lessee even when it is made with the prior permission of the involved head lessor/leasing authority.

3. This order shall come into pressure with the spot effect.

For further details please visit:

Leave a Reply