Srinagar: Former Chief Minister Mehbooba Mufti on Saturday said one fails to understand how “historic” decision to levy no stamp duty on property registered in the names of females was revoked by the governor administration.
A day after the Governor’s administration reversed erstwhile PDP-BJP Government’s decision by which stamp duty on registration of land anywhere on the name of women was fully exempted, Mehbooba tweeted: “As far as empowering women is concerned, all our efforts are negated by the Governors recent decision. One fails to understand why my govts historic decision to levy no stamp duty on property registered in the names of females was revoked.”
She said women contribute the most to the worlds wealth but hardly own any assets. “GoIs beti bachao beti padao programme is simply hogwash. Time for them to walk the talk,” she added.
A notification was issued by the Finance Department, ordering imposition of 3 percent stamp duty on the market value of land and area in both urban and rural areas if the land was registered on the name of a female member of the family.
SRO-219 issued on May 18,2018 by the Finance Department during the tenure of previous PDP-BJP Government had ordered 100 percent remission of stamp duty levied on land or estate, if purchased on the name of a female member of the family.