Himachal Pradesh Assembly Approves Bill to Revise Property Stamp Duty Rates

The Himachal Pradesh Legislative Assembly voted in favour of a new bill aimed at revising the state's property stamp duty rates. The legislation, introduced by the ruling party, seeks to adjust the tax structure to reflect current market conditions and to potentially boost real‑estate activity. Lawmakers debated the proposal before it secured a majority vote, after which it was formally adopted. While the exact new rates were not disclosed in the assembly session, officials indicated that the changes will be notified in the coming weeks. The amendment is expected to impact buyers, sellers and developers across the state, influencing transaction costs for residential and commercial properties.