The Government of Gujarat, using its powers under Section 9(a) of the Gujarat Stamp Act, 1958, has issued a notification to provide partial relief from deficit stamp duty in property transfer cases. This relief applies specifically to transactions falling under Article 20(b) and Article 20(c) of Schedule I of the Act, which typically relate to property allotment through housing societies, share certificates, and similar instruments.

The notification allows a reduction of up to 80% in the deficit stamp duty payable on such transactions, subject to key conditions:

1. The benefit is applicable only if the property transfer occurred via allotment letter or share certificate on or before July 18, 2025, the date of this notification.
2. The concession can only be availed in conjunction with the penalty calculated under Section 39(1)(b) of the Act.
3. If the sum of the reduced deficit duty and applicable penalty is less than the original full stamp duty, then the minimum payable amount shall be equal to the original duty to avoid underpayment.
4. The relief is also extended to:
   • Voluntary disclosures of unpaid stamp duty, and
   • Cases identified during inspections, if disclosed before or on July 18, 2025.
5. No refund shall be granted in cases where the deficit duty and penalty have already been paid prior to this notification.