Jaipur : Presenting the first full budget of Bhajanlal government, Finance Minister Diya Kumari gave a speech of 2 hours 51 minutes in the assembly. In her first budget speech, Diya Kumari made many big announcements for youth, women, farmers. In the budget, it has been announced to make the registration of CNG and flats worth up to Rs 50 lakh cheaper. The Finance Minister announced to reduce the VAT on CNG-PNG in the state from 14.5 percent to 10 percent. At the same time, the stamp duty on the registration of flats has been reduced from 6 to 5 percent. Currently: The rate of CNG in Jaipur is Rs 79.47 per kg. VAT of Rs 11.52 has to be paid on one kg of CNG at the rate of 14.50 percent. In this way, one kg of CNG is available in the market for Rs 90.99.
What has changed: The government has now reduced the VAT rate from 14.5% to 10%. Now the price of one kg CNG is Rs 79.47 and at the rate of 10%, VAT of Rs 7.94 will have to be paid. In this way, one kg CNG will be available at the rate of Rs 87.41.
Currently: On registering a flat worth Rs 50 lakh, Rs 3 lakh is charged as stamp duty at the rate of 6 percent. A 30 percent surcharge i.e. Rs 90 thousand is charged on the total amount of stamp duty (3 lakh). One percent of the flat price i.e. Rs 50 thousand has to be paid as registration fee. That means the total fee for registration is Rs 4 lakh 40 thousand.
What is the change: After reducing the stamp duty by 1%, now the stamp duty at the rate of 5% for a flat of 50 lakhs will be Rs 2.5 lakhs. A 30% surcharge of Rs 75 thousand will be charged on this stamp duty. At the same time, a 1% registration fee of Rs 50 thousand will be charged. In this way, a total fee of Rs 3.75 lakh will be charged.
Registration of house and land purchased without registration will also be cheaper
The government has now announced exemption on the registration of those houses and lands whose purchase and sale was done earlier only through general agreement. Now stamp duty on such properties or society leases will be levied at 20% of the current DLC rates.
Currently: For example, if a person has bought a house on a society lease many years ago through an agreement only and currently wants to get the house registered, then he has to pay stamp duty at the current DLC rate. If we assume that the current value of that house is Rs 50 lakh, then he would have to pay Rs 4 lakh 40 thousand for getting it registered. 3 lakhs for 6 percent stamp duty, 30 percent surcharge on stamp duty i.e. 90 thousand and 1 percent registration fee on the value of the house i.e. 50 thousand rupees.
What is the change: The government has now announced a discount in this. After this discount, the current value of the house will be considered as 20% of the total value of Rs 50 lakh, i.e. Rs 10 lakh. 6% stamp duty of Rs 60 thousand, 30% surcharge on stamp duty of Rs 18 thousand and 1% registration fee on the value of the house, i.e. Rs 10 thousand. In this way, a total of Rs 88 thousand will have to be paid.
There was no relief in petrol and diesel
There was also an expectation of reduction in VAT on petrol and diesel in the budget. It was believed that the Bhajan Lal government could make an important announcement regarding reduction in the rate of VAT on petrol and diesel, but this did not happen. In Rajasthan, more VAT is levied on petrol and diesel than in other states of the country. Because of this, petrol is available cheaper by Rs 16 and diesel by Rs 11 in other states of the country as compared to Rajasthan.
