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Tamil Nadu
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Chennai
G.O. issued for 50 % rebate on stamp duty
Special Correspondent
CHENNAI: A government order has been issued to provide 50 per cent rebate on stamp duty and registration fees availed by micro, small and medium enterprises (MSME) units in industrial estates developed by the government, the Tamil Nadu Small Industries Development Corporation (TANSIDCO), or private entities.
The order, dated January 6, 2009, follows the guidelines issued by the State Government in its MSMI policy last year, to allow a 50 per cent rebate on stamp duty and registration fees based on the transfer value in government or TANSIDCO developed industrial estates, and the guideline value in privately developed estates.
Micro enterprises would also be exempted from payment of stamp duty on mortgaged and pledged documents, according to the order.
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