Gujarat Amends Stamp Duty Act to Lower Rates and Simplify Procedures

The Gujarat government has amended the Stamp Duty Act to lower rates and simplify procedures.

Stamp duty is now capped at ₹5,000 for loans up to ₹1 crore, and raised to ₹15 lakh for loans above ₹10 crore. Lease agreements under a year will attract a ₹500 duty for residential and ₹1,000 for commercial properties.

Legal heirs of deceased daughters can now correct ancestral property documents by paying ₹200. In mortgage cases, banks will be liable for any unpaid stamp duty.

These changes aim to improve transparency, reduce litigation, and promote ease of doing business in the state.