A remarkable step has been taken by the Jharkhand state government supporting the women empowerment move. On Wednesday the government decided to forgo registration fee on properties registered on the names of any women.
In a press release government officials said that no registration and stamp fee would be charged for any immovable property purchased in the name of any female member of any family. Only Re. 1 token stamp money will be collected.
This decision was made public in a review meeting of Land and Revenue Department review in Ranchi. Jharkhand CM Raghubar Das was the honorable president of the meeting, who also put lights on complete digitization on the entire area map of the state.
In this meeting The Land and Revenue Department updated that at present online registry system is fully accessible across the state. To bring in women investors in the realty sector leading banks have already reduced housing interest rates across the country.
In many states of the country women pay lower stamp duty. In Delhi and Haryana stamp duty charge is 2 per cent less. Thus, it’s advantageous for a couple to buy any immovable property in name of the woman. Women are also eligible of a tax benefit of Rs 2 lac on the EMI paid on home-loans.
Coming to the affordable housing sector, PM has already announced that women should own an affordable housing asset as a co-owner or solo property owner. Under poverty alleviation scheme in west Bengal, women’s names are included in land titles of the government allocated plots to the economically weaker section of the state.
It’s expected that India is going in the right way to allure investors from the both domestic and international sides. After the complete implementation of the Real Estate (Regulation and Development) Act, 2016 (RERA) buyers will get legal protection for intellectual property rights.
Praising the move, West Bengal RERA expert Mr. Mahesh Somani said, “More people will be coming forward with realty investment soon after complete RERA implementation. As real estate sale holds a prime contribution in Indian GDP, the country is offering maximum benefits to the investors. RERA will be supporting homebuyers with a strong and transparent legal system.”
_ LNN (Liyans News Network)– Visit our online property portal to avail residential property sale in Kolkata for buying home at great discount.
No registry fee on property in women’s name in Jharkhand, from which date/ month will started.