Haryana Waives Stamp Duty on Small Residential Plots

Swift Summary

• Haryana CM Nayab Saini announced the elimination of stamp duty on residential plots up to 50 square yards in urban areas and up to 100 square yards in rural areas.
• This applies to properties purchased under the Pradhan Mantri Awas Yojana, Mukhyamantri Shehri Awas yojana, and Mukhyamantri Gramin Awas Yojana.
• Saini stated that the opposition was misleading peopel regarding revised collector rates,which are based on a “data-driven and rational formula.”
• Collector rates have increased by only 10% in over 72% of the state’s property segments. Nearly all remain lower than actual market prices despite increases.
• Opposition INLD claimed that hiked rates caused resentment among citizens and made home buying unaffordable for common people.They called for a rollback of these increases.
• The CM countered by stating current rate hikes under BJP are much lower (9.69%) compared to previous increases during Congress rule (25%). He cited examples of large hikes between 2004-2014 without a defined formula.
• Stamp duty has remained unchanged since 2008: men pay a total of 7%, while women pay 5%. No new tax has been introduced related to registration, he clarified.

Indian Opinion Analysis

The abolition of stamp duty on smaller residential plots appears aimed at promoting affordable housing across Haryana’s urban and rural demographics, aligning with central housing schemes like Pradhan Mantri awas Yojana. While this is highly likely to benefit economically weaker sections directly, challenges persist as collector rate revisions could potentially raise financial barriers for others not covered under exemptions.

Opposition criticism underscores public concern regarding affordability amidst these hikes; however, the government’s efforts toward systematic evaluation using data indicate an intent toward transparency rather than arbitrary pricing adjustments seen historically.

this initiative embodies both merits-like increased housing accessibility-and possible stress points if higher collector rates outweigh perceived benefits for segments outside exempted categories.

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