{"id":52750,"date":"2019-06-17T15:42:03","date_gmt":"2019-06-17T10:42:03","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=52750"},"modified":"2020-04-30T12:11:25","modified_gmt":"2020-04-30T07:11:25","slug":"stamp-duties-revised-for-property-transactions-in-ict","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/stamp-duties-revised-for-property-transactions-in-ict.html","title":{"rendered":"Stamp duties revised for property transactions in ICT"},"content":{"rendered":"<p>Islamabad: The federal government has revised the duties on property transactions for Islamabad Capital Territory (ICT), a news source reported.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/blog\/budget-2019-20-pakistan-property-market-impact.html\" target=\"_blank\" rel=\"noopener noreferrer\">Budget 2019-20: What\u2019s in Store for Pakistan\u2019s Real Estate Sector?<\/a><\/p>\n<p>This new policy falls under the overall revision of duties the federal government has decided for legal documents of every kind. These changes will be implemented from the beginning of the next fiscal year starting July 1, 2019.<\/p>\n<p>Read:\u00a0<a class=\"row-title\" href=\"https:\/\/www.zameen.com\/news\/old-dc-rate-stands-valid-for-several-cda-sectors-in-islamabad.html\" target=\"_blank\" rel=\"noopener noreferrer\">Old DC rate stands valid for several CDA sectors in Islamabad<\/a><\/p>\n<p>For this purpose, the Stamp Act 1899 has been amended through the Finance Bill 2019. The budget documents state that new rates for stamp duty will be applicable from July 1 for all legal documents, especially with regard to registration of immovable property.<\/p>\n<p>Read:\u00a0<a class=\"row-title\" href=\"https:\/\/www.zameen.com\/blog\/online-system-introduced-to-deal-with-fake-stamp-papers.html\" target=\"_blank\" rel=\"noopener noreferrer\">Online system introduced to deal with fake stamp papers<\/a><\/p>\n<p>The duties have been revised as follows:<\/p>\n<ul>\n<li>Stamp Duty of PKR 1 on property documents with stamp papers valued less than PKR 2,000<\/li>\n<li>Stamp Duty of PKR 10 on property documents with stamp papers valued more than PKR 2,000<\/li>\n<\/ul>\n<p>These revised rates are for property documents in particular. The amendment to the Stamp Act 1899 has detailed the revisions in duties for other kinds of documents as well.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The federal government has revised the duties on property transactions for Islamabad Capital Territory (ICT), a news source reported. Read:\u00a0Budget 2019-20: What\u2019s in Store for Pakistan\u2019s Real Estate Sector? This new policy falls under the overall revision of duties the federal government has decided for legal documents of every kind. These changes will be implemented from the beginning of the next fiscal year starting July 1, 2019. Read:\u00a0Old DC rate stands valid for several CDA sectors in Islamabad For this purpose, the Stamp Act 1899 has been amended through the Finance Bill 2019. The budget documents state that new rates for stamp duty will be applicable from July 1 for all legal documents, especially with regard to registration of immovable property. Read:\u00a0Online system introduced to deal with fake stamp papers The duties have been revised as follows: Stamp Duty of PKR 1 on property documents with stamp papers valued less than PKR 2,000 Stamp Duty of PKR 10 on property documents with stamp papers valued more than PKR 2,000 These revised rates are for property documents in particular. The amendment to the Stamp Act 1899 has detailed the revisions in duties for other kinds of documents as well.<\/p>\n","protected":false},"author":18,"featured_media":49732,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[11916],"persona":[],"class_list":{"0":"post-52750","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-stamp-duties-revised-for-property-transactions-in-ict","9":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Stamp duties revised for property transactions in ICT - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The federal government has revised the duties on property transactions for Islamabad Capital Territory (ICT), a news source reported.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/stamp-duties-revised-for-property-transactions-in-ict.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stamp duties revised for property transactions in ICT - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The federal government has revised the duties on property transactions for Islamabad Capital Territory (ICT), a news source reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/stamp-duties-revised-for-property-transactions-in-ict.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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