Odisha tables bill to simplify and cut costs of apartment registration

The state government of Odisha has moved a new bill in the legislative assembly to overhaul the stamp duty framework for apartment registration. The proposal seeks to replace the existing complex procedures with a simplified, single‑window system that will lower the financial burden on homebuyers and developers alike. Under the draft legislation, registration fees are expected to be reduced significantly, though exact percentages have not been disclosed.

Officials say the reform is intended to boost the real‑estate sector by making property transactions more transparent and affordable. The bill also includes provisions for digital documentation, aiming to cut down paperwork and speed up the registration process.

If passed, the legislation will align Odisha's stamp duty regime with recent reforms in other Indian states, potentially attracting more investment in the housing market. The bill is slated for debate in the assembly later this week.