Staff Reporter

From existing 8 per cent to 6 per cent, 4 per cent for women

It would enable the Delhi Govt. to

claim funds under JNNURM

NEW DELHI: Delhi Finance Minister A.K. Walia on Friday announced a reduction in the stamp duty on registration of properties in the Capital from the . In the case of women, property registration would attract only 4 per cent stamp duty.

The decision was taken at a meeting presided over by Dr. Walia and attended by Municipal Corporation of Delhi Standing Committee Chairman Vijender Gupta and MCD Commissioner Ashok Kumar Nigam among others.

Speaking to media persons later, Dr. Walia said the new structure of stamp duty for registration of properties was being referred to the Union Government for its concurrence. The Government has in principle agreed to bring down the rate of stamp duty that would enable it to claim funds under the Jawaharlal Nehru National Urban Renewal Mission.

The reduction in stamp duty was on the cards following the announcement of circle rates by the Delhi Cabinet recently. Both the Delhi Government and the MCD will have equal share in the stamp duty collections.