Odisha Assembly Passes Jan Vishwas and Stamp Duty Reform Bills
| Topic | Key Details |
|---|---|
| Event | Odisha Legislative Assembly passes Jan Vishwas Bill, 2026 and Indian Stamp (Odisha Amendment) Bill, 2026 during Monsoon Session. |
| Odisha Jan Vishwas Bill, 2026 | - Aims to decriminalise minor and procedural offences and simplify approvals. - Part of Jan Vishwas 2.0 initiative, following the 2025 law that rationalised 16 State laws. - Seeks to reduce paperwork, compliance costs, and regulatory delays. |
| Indian Stamp (Odisha Amendment) Bill, 2026 | - Simplifies stamp duty and registration for apartment transactions. - Introduces flat 5% stamp duty on apartment transfers, replacing slab-based rates (3% for ≤₹5L, 4% for ₹5-15L, 5% for >₹15L). - ₹50,000 stamp duty for transfer of common areas to association of allottees (registration fee capped at ₹20,000). - 90% stamp duty exemption for EWS housing under affordable schemes. |
| Expected Impact | - Aims to make apartment registration more transparent and easier. - Maintains safeguards for public interest and state revenue. |