Admin revises stamp duty rates
The upgraded stamp duty rates for the year 2022 has been rolled out by the JK UT administration.
According to the J&K Preparation and Revision of Market Value Guidelines Rules 2011 and approved by the Divisional Valuation Board , the new rates shall be effective from January 1, 2022 to December 31, 2022.
Earlier, on December 13, a revision of stamp duty rates for year 2022 for Jammu Division was discussed during a meeting by Divisional Commissioner Jammu, Dr. Raghav Langer with Deputy Commissioners and senior officers.
Threadbare discussion was held on various functions of Divisional Valuation Board and its function. The Divisional Valuation Board analyzed the circle rates of land/ market values proposed by the district valuation Committees and grant the final approval so as to notify the market value guidelines for different areas such as general Value of house sites, type and structure of buildings, classification of land, stamp duty rates etc. the meeting decided.
