Div Com directs rationalisation of Stamp Duty rates based on market values

Srinagar, Dec 24: Divisional Commissioner Kashmir, Anshul Garg, on Wednesday, chaired a meeting with Deputy Commissioners and departmental officers to review the proposed revision of stamp duty rates for the upcoming year.

During the meeting, the Divisional Commissioner directed Deputy Commissioners to rationalise the proposed increase in stamp duty in accordance with prevailing market values, transaction patterns, and land-use categories.

He emphasised the need to address anomalies in stamp duty rates, particularly in contiguous and adjoining areas, to ensure uniformity and fairness.

The Div Com further urged officers to ensure that revisions remain within reasonable limits, taking into account factors such as land use, commercial significance, and the level of development in different areas.

The meeting was attended by officers from the Forest Department, Registration Department, Public Works Department, Land Survey and Records, Agriculture Department, Industries and Commerce Department, Town Planning Department, and the Stamps Department, besides the Assistant Commissioner Central, OSD to the Divisional Commissioner, and other concerned officials.