The Odisha government has simplified the apartment registration process by amending the Indian Stamp Act. Under the new guidelines, the registration fee for common areas and facilities is capped at 50,000 INR for the Association of Allottees. Additionally, the previous stamp duty slabs of 3%, 4%, and 5% have been unified into a single 5% rate based on the apartment's value. This move, aligned with the Odisha Apartment (Ownership and Management) Act 2023, aims to streamline property transfers and benefit homebuyers. https://odishasambad.in/odisha-gazette-notifies-indian-stamp-amendment-ordinance-to-simplify-apartment-registration/ #creator program