No stamp duty, if property registered in female’s name

SRINAGAR: The Cabinet chaired by Chief Minister, Mehbooba Mufti today accorded sanction to the reduction in Stamp Duty and nil Stamp Duty in case the property is registered in name of the female member of the family. The Cabinet approved levying of Stamp Duty @ 5% in the Urban areas and @ 3% in the rural areas, if property is registered in the name of male member of the family, levying of Stamp Duty@ 0%, if the property in both urban as well as rural areas is registered in the name of female member of the family.