<h1>Jammu and Kashmir waives stamp duty for property transfers via gift deeds among blood relatives from April 1.</h1> The Jammu and Kashmir government has announced a waiver of stamp duty on property transfers through gift deeds among blood relatives, effective April 1. This measure, introduced by the Chief Minister, aims to simplify transactions and minimize legal disputes. The exemption applies to transfers between close family members such as parents, siblings, and grandchildren, contingent upon providing two forms of identification. Previously, stamp duty ranged from 3% to 7%, which discouraged formal registration. This initiative is expected to provide financial relief, promote legal documentation, and streamline property transfers within the Union Territory.