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Notification No: S.O.82
Notification Date: October 30,2024
Relevant Act: Rajasthan Stamp Act 1988
Relevant Section: Section 9; Article 5 – clause e; Article 44 – clause f
The Finance Department of Rajasthan has issued a notification announcing a reduction in stamp duty rates for agreements and power of attorney related to land transactions.
The new rate is set at 1.25% of the market value of the property.
Furthermore, if the appropriate stamp duty has already been paid on an initial document between the same parties for the same property, any subsequent document will incur a nominal fee of Rs. 100.
The Notification detailing the above is reproduced herein below:
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