In a move to offset losses due to reduction in stamp duty charges to a uniform 5 per cent across the State, the Andhra Pradesh Government has effected upward revision of the registration charges and market prices for properties from August 1.
The State Government had recently announced its decision to slash the stamp duty rates from 7 per cent and 6 per cent in urban and rural areas, respectively, to 5 per cent which conforms to Central Government guidelines. While the registration charges would, henceforth, be based on revised market prices in urban areas, in other parts of the State, it would be fixed by a committee of sub-registrars.
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