Maharashtra not to extend stamp duty cut; maintains status quo on circle rates1 min read . Updated: 01 Apr 2021, 05:48 PM IST
- Housing sales picked up in Maharashtra as the government had cut stamp duty in August by 2-3%. Stamp duty was reduced to 2% from 5% till 31 December 2020, and was at 3% during January-March 2021.
NEW DELHI: In a relief to homebuyers, the Maharashtra government has decided not to increase the ready reckoner rates, also known as circle rates, for financial year 2021-22 (FY22). However, against the expectations of many, the state government decided not to extend the cut on stamp duty. Housing sales saw good recovery supported by the stamp duty cuts, low home loan rates and attractive schemes offered by developers.
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