Rs 572 crore bonanza, Haryana PRIs to get 1% stamp duty share

The Nayab Singh Saini Government has announced a significant financial boost for the fund-starved Panchayati Raj Institutions (PRIs) by allocating 1 per cent of the total revenue generated from stamp duty to them. The move aims at strengthen the fiscal capacity of the PRIs, enabling greater autonomy in planning and executing development projects at the grassroots level.

Empowering rural bodies

Advertisement

Gram panchayats to get 0.5% of revenue share, samitis and zila parishads 0.25% each

Move to ensure fiscal autonomy for local bodies, letting them fund projects as per local needs

Under the new allocation, gram panchayats will receive 0.5 per cent of the revenue, while panchayat samitis and zila parishads will get 0.25 per cent each.

Haryana Development and Panchayats Minister Krishan Lal Panwar said this decision would financially empower the PRIs, allowing them to prioritise and utilise resources according to local needs, thereby accelerating development.

Officials informed that nearly Rs 572 crore would be distributed among the PRIs, with 5,388 gram panchayats receiving Rs 288 crore. In addition to this, 142 panchayat samitis will be allocated Rs 144.08 crore, and 22 zila parishads will get Rs 140 crore.

Currently, stamp duty rates in Haryana vary based on ownership type and location. In urban areas, male buyers pay 7 per cent, while female buyers are charged 5 per cent. In rural areas, the rates are 5 per cent for males and 3 per cent for females. For joint ownership, the stamp duty is 1 per cent lower, 6 per cent in urban areas and 4 per cent in rural areas.