Haryana cabinet exempts stamp duty on transfer of property within blood relations | chandigarh | Hindustan Times
Today in New Delhi, India
Oct 23, 2017-Monday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Haryana cabinet exempts stamp duty on transfer of property within blood relations

Following in the footsteps of neighbouring Punjab, the council of ministers in Haryana on Wednesday decided to exempt transfer of immovable property within blood relatives from stamp duty.

chandigarh Updated: May 28, 2014 20:37 IST
HT Correspondent

Following in the footsteps of neighbouring Punjab, the council of ministers in Haryana on Wednesday decided to exempt transfer of immovable property within blood relatives from stamp duty.

The exemption would be applicable for parents, children, grand children, brothers, sisters and between spouses.

An official spokesperson said the decision comes in wake of the observation that the stamp duty leviable on the transfer of immovable property within family and among blood relations poses a hindrance to such transfer. Non-transfer of property among these blood relations leads to avoidable disputes and litigation between parent's siblings and other blood relations.

As a result of this decision, one spouse would be able to transfer immovable property to the other spouse to safeguard his or her interest and charging of stamp duty would not pose any hindrance in transfer of property. This step will go a long way in safeguarding the interest of spouses in adverse family circumstances or in medical conditions as well.