Budget 2024: Stamp duty on properties bought by women to come down further

Finance Minister Nirmala Sitharaman, on Tuesday, while presenting Union Budget 2024-2025 said that Prime Minister Narendra Modi-led government will look at further lowering duties for properties purchased by women and making it an essential component of urban development schemes.

In her Budget 2024 speech, Sitharaman also proposed to discontinue the quoting of Aadhaar Enrolment ID in place of Aadhaar number with respect to taxation purposes.

”We will encourage states which continue to charge high stamp duty to moderate the rates for all and also consider further lowering duties for properties purchased by women. This reform will be made an essential component of urban development schemes, encourages states with high stamp duty to moderate rates for all, lower duties further for properties purchased by women,” FM Sitharaman said in the Budget speech.

With inputs from PTI