By Accommodation Times Bureau
MUMBAI:
The state government in a move to redevelop old structures and chawls on Tuesday in its cabinet meeting approved a stamp duty of Rs 1,000 only on the tripartite agreement for the dilapidated or dangerous buildings owned by the Brihanmumbai Municipal Corporation
A tripartite agreement is a legal document that clearly states the obligations and responsibilities of all parties involved in the deal.
This decision will speed up related redevelopment projects in Mumbai.
All these structures are constructed under 33 (7) and 33 (9) of the Development Control Manual of BMC.
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