MAJOR RELIEF: MEMBERS TO BENEFIT FROM STAMP DUTY PAID ON DEVELOPMENT AGREEMENTS

Published On: 16/08/2023

Practice Area: Real Estate

Authors:

The Inspector General of Registration and Controller of Stamps, State of Maharashtra, Pune has in its notification dated 26th July 2023 issued explanatory directives in respect of levying stamp duty on permanent alternative accommodation agreements entered into between a developer and members of a co-operative housing societies for re-development of Society's property. INDUSLAW's Avikshit Moral and Nikita Bhosle examine this notification and its implications on the stakeholders.