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Madhya Pradesh govt reduces cess stamp duty due to current situation.

Madhya Pradesh CM Shivraj Singh Chouhan stated on monday. Government decided to reduce the cess on stamp duty. Ones charged for registration of property. Changed to one per cent three per cent in urban areas.This brought in to boost growth of the real estate in state.

Due to the coronavirus-induced lockdown, economic activities came to a halt. This adversely affected the state. Financial capabilities of people limited currently. Sale and purchase affected. So to boost growth of the real estate sector, the state decided.He said the relief to continue till December 31. This helps speed up economic activities.