Srinagar: Jammu and Kashmir Chief Minister Omar Abdullah has proposed waiving stamp duty on property transfers to blood relatives in Jammu and Kashmir.
The announcement came as part of J&K UT’s maiden Budget presentation. The move aims to ease financial burdens on families and streamline property inheritance.
The move aims to ease financial burdens on families and promote hassle-free property transfers among close relatives. This exemption is expected to benefit thousands of residents by reducing transaction costs in inheritance and family settlements.
On Friday, Omar presented the first budget of Jammu and Kashmir in six years and said it is a roadmap for economic growth and a true reflection of people’s aspirations.
