Overview
- The board, which voted Monday, set a June 2026 start for collecting the 5% Transfer of Property Tax itself and empowered the CEO to run the transition.
- Buyers and sellers will still pay 11% in total: 5.5% stamp duty, 0.5% registration fee, and 5% TPT.
- The resolution will go to the Registration & Stamps Department and the Bowenpally Sub-Registrar Office to formalise the handover and route payments to the Cantonment Fund Account.
- SCB says the state stopped crediting these charges in October 2016 and about Rs 73 crore collected through 2025 never reached its account.
- SCB tied any future rate cut to the Defence Ministry first clearing about Rs 1,200 crore in pending service charges, a stance opposed by Cantonment Vikas Manch, which seeks a 1.5% cap.