IGR implements Rs 1,000 stamp duty for affordable houses
PUNE: The department of registration and stamps has started implementing the reduced stamp duty of Rs1,000 for affordable housing projects in the state.
The state inspector-general of registration and stamps, Anil Kawade, said, “We have been registering properties under the affordable housing according to the new norms of the state government. We will eventually make a separate category for such registrations to get a clear picture of registrations under the PMAY (Prime Minister Awas Yojana) scheme.”
The directive to charge Rs1,000 stamp duty on affordable houses was issued last week. The reduced stamp duty is applicable to houses measuring approximately 30sqm and 60sqm. The registration officials have to confirm that the person buying these homes should not have an income exceeding Rs3-6 lakh and that it is his/her first house and under the PMAY scheme.
The rule issued last week also stated that to avail of the benefits, Maharashtra Housing Area Development Authority (Mhada) must certify that the project concerned is approved under PMAY. It should have an occupancy certificate from the planning authority concerned, too.
Officials of the housing department iterated that the IGR officials would have to check all the criteria before the registration of affordable houses. Credai Maharashtra president Shantilal Kataria said, “Self-declaration should be allowed rather than Mhada attestation and rules should not insist on occupancy certificate because bookings are done prior to the projects’ completion.”
Seema Biswas, who plans to invest in an affordable house, said, “We do not know about the rules and the local authorities should help all workers’ organizations to know them.”
Source : The Times Of India
