Jammu DC reviews proposed stamp duty rates for 2025

Jammu Deputy Commissioner Sachin Kumar Vaishya, who is also the chairman of the District Valuation Committee, convened a meeting for finalisation of stamp duty rates for the calendar year 2025. During the course of the meeting, deliberations were held with...

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Jammu, Updated At : 07:00 AM Dec 16, 2024 IST

Jammu DC Sachin Kumar Vaishya heads a meeting for finalisation of stamp duty rates.

Jammu Deputy Commissioner Sachin Kumar Vaishya, who is also the chairman of the District Valuation Committee, convened a meeting for finalisation of stamp duty rates for the calendar year 2025.

During the course of the meeting, deliberations were held with Sub Divisional Magistrates to establish criteria for the finalisation of rates.

The Deputy Commissioner emphasised the importance of adhering to established criteria for rate fixation and instructed officers to conduct a thorough review to ensure fair and accurate finalisation of the stamp duty rates. He also called for a classification of the rate structure based on area categories to maintain transparency and alignment with market conditions.

“The finalised stamp duty rates are to be communicated to the division level committee next. This annual exercise aims to align the rates with current market trends and support ongoing developmental initiatives,” an official informed.

The meeting was attended by Jammu Municipal Corporation Commissioner Devansh Yadav, Additional Deputy Commissioner Shishir Gupta, Assistant Commissioner (Revenue) Dr Rajesh Kumar, sub registrar, sub divisional magistrates and officers from the Public Works Department, among others.