Summary:
But now stamp duty will be exempted in such cases also.”Kumar said that 5% stamp duty and 2% development charges will be exempted on the heir’s share of land or house. Bareilly: The legal heirs of martyrs and ex-servicemen in Uttar Pradesh will now get the benefit of exemption in stamp duty while buying a new house, residential or commercial land as well as agricultural land if they are co-buyers. “Couples are purchasing property in joint ownership in case one of them passes away. In most cases, property is being acquired with loan. This is again a reason to buy property as co-owners, as both earning members can avail home loans,” an official said.Earlier, for legal dependents of martyrs and ex-servicemen, stamp duty was exempted for purchase of up to 200 sq m of land..