Chandigarh- The Punjab Vidhan Sabha at this time unanimously handed “The Indian Stamp (Punjab Second Modification) Invoice, 2025”, “The Punjab Abadi Deh (Report of Rights) Modification Invoice, 2025” and “The Punjab Land Income (Modification) Invoice, 2025” launched by Punjab Income, Rehabilitation and Catastrophe Administration Minister Hardeep Singh Mundian throughout the particular session of the Home.
Mundian stated the modification to the Indian Stamp Act, 1899 rationalizes stamp responsibility associated to deposit of title deeds, hypothecation and equitable mortgage by eradicating duplication of levy for a similar mortgage transaction. He stated a single responsibility on the entire mortgage quantity with an affordable higher cap will decrease transaction prices, enhance ease of doing enterprise and assist MSMEs.
On the Punjab Abadi Deh (Report of Rights) Act, 2021, he stated that lowered timelines for objections and appeals will velocity up implementation of “Mera Ghar Mere Naam” Scheme, making certain well timed possession rights to residents of Abadi Deh areas.
The Income Minister stated amendments to the Punjab Land Income Act, 1887 will expedite disposal of circumstances earlier than income authorities, forestall pointless summoning of non litigants and accord authorized sanctity to digital data and digital signatures. He stated the transfer will scale back hardship for residents and convey citizen pleasant digitized file conserving throughout the State.
