Document Date – April 01, 2025
Applicable Act/Rule – Rajasthan Stamp Act, 1998
The Government of Rajasthan has notified key amendments to the Schedule of the Rajasthan Stamp Act, 1998, altering stamp duty rates and provisions for specific instruments:
1. Article 33 – For clause (vii), the generic duty rate of “same as on a conveyance” is replaced with a fixed 6% stamp duty on the market value of the property, ensuring clarity and consistency in assessment.
2. Article 44 (e)(i) – The scope of “family members” entitled to concessional treatment in gift deeds has been broadened. The revised clause explicitly includes: father, mother, brother, sister, wife, husband, son, daughter, daughter-in-law, grandson, granddaughter, and similarly related persons.
3. Article 50 – The basis for stamp duty on mortgage deeds has been expanded. Now, 0.5% of the secured amount and/or market value of the mortgaged property, subject to a minimum of ₹1,000, shall apply, thereby covering both financial and property-backed mortgages more comprehensively.
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