Kerala's Stamp Duty Relief for Extreme Poverty Eradication
The Kerala cabinet, led by Chief Minister Pinarayi Vijayan, has authorized reductions in stamp duty and registration fees for participants of the Extreme Poverty Eradication Programme without land or home, offering up to Rs 1.2 lakh off stamp duties and Rs 30,000 off registration fees within select areas for three years.
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The Kerala state cabinet, spearheaded by Chief Minister Pinarayi Vijayan, announced a pivotal decision on Wednesday to provide financial relief in the form of reduced stamp duty and registration fees for individuals under the Extreme Poverty Eradication Programme who lack property ownership.
This initiative targets those purchasing land or housing with support from local bodies or government schemes. The relief includes a potential decrease of Rs 1.2 lakh on stamp duty and Rs 30,000 on registration fees, applicable for the next three years.
Specifically, residents within the Angamaly Municipality are set to benefit from a complete waiver of these charges, marking a significant step towards facilitating property ownership among economically disadvantaged citizens.
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