Budget 2024: Finance Minister Encourages Stamp Duty Hike, Lower Rates for Female

In the 2024 Union Budget, Finance Minister Nirmala Sitharaman proposed a hike in stamp duty for property transactions to bolster government revenues. However, to promote female property ownership, she recommended lower stamp duty rates for women buyers. The move is aimed at incentivizing women to invest in real estate, addressing gender disparities in property ownership, and boosting economic participation. Additionally, the Finance Minister highlighted other measures to improve the ease of doing business and streamline regulatory processes to enhance the property market's efficiency and inclusivity.