Punjab Lowers Stamp Duty Rates for Mohali Cooperative Society Property Registrations

The Punjab government has reduced stamp duty rates for property registrations in Mohali's cooperative societies, benefiting approximately 5,000 to 7,000 families. Registrations completed by January 31 attract a 1% stamp duty, increasing to 2% in February and 3% in March. Exemptions from SIC, PIDB, and SIDF charges apply, while a 1% registration fee remains. MLA Kulwant Singh highlighted measures to address delays, including appointing special registrars to expedite registrations when societies delay mandatory documents.