CREDAI Chennai welcomes Tamil Nadu government’s decision to allow home buyers to adjust their stamp duty and registration fees

New Delhi, December 27, 2025: CREDAI Chennai has welcomed the government’s decision to allow adjustment in stamp duty and registration fees already paid by home buyers. As this reform is implemented, it is important that its benefits reach all affected homebuyers, ensuring consistency and fairness in all transactions, the spokesperson said. Mr. Mohamed Ali, Chairman, CREDAI Chennai. The decision resolves the core problem of double taxation faced by homebuyers by allowing adjustment of stamp duty and registration fees already paid under the earlier registration framework, it said Mr. Mohamed Ali

Projects where construction contracts were registered before the composite framework, and cases involving double taxation, are expected to be resolved more quickly. This clarity will help unlock delayed registrations and accelerate sales closes in the coming quarters. On an average, first-time homebuyers affected by double taxation can save between ₹2 lakh and ₹6 lakh, depending on the value of the property and the construction agreement, said Mr. Mohammed Ali