The Indian Stamp (Bihar Amendment) Act, 2013

The Indian Stamp (Bihar Amendment) Act, 2013

This law regulates property transactions like sales, gifts, partitions, and exchanges in Bihar, applying to anyone buying, selling, or transferring real estate in the state. It directs registering officers to pause and refer transactions to the Collector if they suspect a property’s value, size, or classification has been understated compared to the official government guidelines. This matters because it prevents illegal tax evasion and ensures the state government collects the correct and fair amount of stamp duty on property deals. Ultimately, the legislation protects public revenue and promotes honesty in Bihar's real estate market by curbing the practice of undervaluation.

PDF: pending for this language.