UP Government to Provide Stamp Duty Relief to Middle Class

Minister Ravindra Jaiswal announces stamp duty relief for middle-class families building homes, with housing benefits of Rs 2.5 lakh per eligible family.

Stamp Duty Relief for Middle-Class Homebuyers

The Uttar Pradesh government will provide much-needed relief to middle-class families in the form of reduced stamp duty on property transactions, according to Ravindra Jaiswal, the State Minister (Independent Charge) for Stamp, Court Fees, and Registration. This announcement, made during a press briefing at the Ashtabhuja Guest House on Sunday, aims to ease the financial burden on those working hard to build homes and plots with their savings. The minister emphasized that the initiative is part of the government’s broader commitment to support homebuyers and promote housing security across various economic groups.

Jaiswal highlighted the critical role of the middle class in the state’s economic growth and noted that this exemption would directly benefit those families looking to invest in property. He mentioned that the government is sensitive to the challenges faced by the middle class, especially in securing property amidst rising real estate prices. Stamp duty reductions are expected to alleviate some of these pressures.

A Push for Affordable Housing for the Poor

In addition to the focus on middle-class homebuyers, the minister underscored the government’s ongoing efforts to ensure that every poor family in the state has access to affordable housing. Under the leadership of Prime Minister Narendra Modi and Chief Minister Yogi Adityanath, the state is moving rapidly towards this goal. Jaiswal reiterated that ensuring affordable housing for all citizens, particularly those in rural and low-income urban areas, is a priority for the government.

To facilitate this, a comprehensive survey is being conducted across Gram Panchayats through open meetings to identify eligible beneficiaries. These surveys are part of the government’s larger effort to provide housing to the underprivileged and ensure that all qualifying families are included in housing schemes. The Minister reaffirmed that the government is serious about its commitment to address housing shortages and ensure that no family is left behind.

Rs 2.5 Lakh for Housing Scheme Beneficiaries

As part of the broader housing scheme, Jaiswal announced that each selected beneficiary will receive Rs 2.5 lakh directly into their bank accounts to assist with home construction. This financial aid will empower families to construct their own homes and take a step toward improving their living conditions. The minister noted that the government aims to expedite this process to ensure timely completion of homes for those in need.

This initiative is part of a broader housing agenda aimed at reducing homelessness and improving living standards for poor families. The financial assistance is expected to provide a significant boost to families who lack the means to build homes on their own. The funds will be directly transferred to the beneficiaries’ accounts, ensuring transparency and efficiency in the process.

Anticipation of a Major Announcement in Majhawan By-Election

Jaiswal was also asked about the upcoming Majhawan assembly by-election during the briefing. He shared that Chief Minister Yogi Adityanath is expected to visit the district on Monday, and there is strong anticipation of a major announcement for the region. The minister hinted that the district could be in line for a “big gift,” which could potentially have a significant impact on local development.

This visit by the Chief Minister underscores the government’s focus on the region’s growth and the importance placed on by-elections in ensuring continued progress. Jaiswal, along with other local leaders, expressed confidence that the visit will bring good news for the people of Majhawan.

During the discussion, several prominent local figures were also present, including city MLA Pt. Ratnakar Mishra and Pahadi Block Pramukh Indra Bahadur Pandey. Their presence highlighted the importance of the announcement and the local government’s commitment to engaging with the public on key issues like housing and development.

The Broader Vision for Development

This announcement is part of a broader vision by the Modi-Adityanath duo to address the housing crisis in both urban and rural areas. With a focus on reducing homelessness, improving access to affordable housing, and offering financial relief to middle-class families, the government is actively working to bridge the gap between housing demand and supply.