Punjab cuts stamp duty to 1% for buyers of cooperative society flats and plots until 31 January

Update, 21 October 2026: The concession described below applied only to registrations completed by 31 March 2026. It has ended.

The Punjab government has notified a stamp duty concession for subsequent purchasers of plots and flats allotted by housing and other cooperative societies registered under the Punjab Cooperative Societies Act, 1961, The Tribune reported on 15 January 2026. The notification is dated 12 January 2026.

The rates

The standard rate the concession replaces is 8%. Owners are fully exempt from SIC, PIDB and SIDF charges, but the 1% registration fee still applies.

Who it affects

Mohali MLA Kulwant Singh said there are about 24–25 such societies in Mohali and that 5,000 to 7,000 families could benefit. He said he would ask the government to extend the 1% rate to buyers who obtain the stamp duty certificate and submit documents by 31 January but complete registration later; the report presented this as a request, not a decision.

If societies delay mandatory documents such as the NDC or NOC, the Cooperation Department would appoint Special Registrars to facilitate registration.

We have marked this report as an official announcement because it describes a government notification. We have not yet linked the notification itself; readers should rely on the registration department for the text.