Flat-owners in Odisha to pay ₹50,000 stamp fee for common area registration in apartments

Odisha has streamlined apartment registrations by amending the Indian Stamp Act, significantly reducing the financial burden on apartment owners’ associations. A nominal Rs 50,000 stamp duty now applies for transferring common areas, replacing a previous 5% charge. This move aims to resolve registration bottlenecks and ease the use of shared facilities for residents.

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