The stamp duty exemption under RIPS 2024 is one of the most valuable and most commonly missed benefits available to businesses investing in Rajasthan.
On a land purchase of Rs 1 crore, the stamp duty element is Rs 6 lakh. Under RIPS 2024, eligible businesses pay only 25% of this at registration and claim that 25% back as reimbursement after commencement of operations. The remaining 75% is directly exempted at the time of registration itself. The net result is full stamp duty relief, available in two stages.
There is one condition that cannot be undone: the RIPS 2024 entitlement must be secured before the sale deed or lease deed is registered. Once registration is done without the exemption in place, the benefit is permanently lost. Karnani and Co. helps businesses across Rajasthan secure this entitlement correctly and on time.
Is Your Enterprise Eligible for Stamp Duty Exemption under RIPS 2024
The stamp duty benefit is available to
- manufacturing enterprises,
- service sector enterprises including IT, tourism, healthcare, fintech, and hospitality businesses, and
- businesses purchasing or leasing commercial space of more than 2000 square feet for setting up a new unit or expansion
Trading enterprises, tobacco manufacturers, beef processing units, city gas distribution businesses, and activities prohibited under Central or State law are not eligible.
Karnani and Co. confirms your eligibility as the first step before any application is filed.
Stamp Duty Relief Available Under RIPS 2024
The benefit applies to two types of transactions:
(a) Purchase or lease of industrial land, including construction or improvement on such land
(b) Purchase or lease of commercial floor space in a constructed building for setting up an enterprise, minimum area 2000 square feet
For both transactions, the structure of the benefit is identical:
| Component | Rate | RIPS 2024 Treatment |
|---|---|---|
| Stamp duty | 6% of transaction value | 75% exempted at registration. 25% paid at registration and reimbursed after commencement of operations. |
| Surcharge on stamp duty | 33% of stamp duty amount | Payable in full. Not covered under RIPS 2024. |
| Registration charges | 1% of transaction value | Payable in full. Not covered under RIPS 2024. |
Illustrative example on a Rs 1 crore land purchase:
| Head | Amount |
|---|---|
| Stamp duty at 6% | Rs 6,00,000 |
| 75% exempted at registration | Rs 4,50,000 saved upfront |
| 25% paid at registration, reimbursed after operations commence | Rs 1,50,000 recovered later |
| Total stamp duty relief | Rs 6,00,000 |
| Surcharge at 33% of stamp duty | Rs 1,98,000 payable |
| Registration charges at 1% | Rs 1,00,000 payable |
| Net payable at registration after exemption | Rs 3,48,000 |
The reimbursement of the 25% component is processed after the enterprise commences commercial operations and submits the required claim through the RIPS-2024 portal. Karnani and Co. handles both the upfront exemption at registration and the subsequent reimbursement claim.
Documents Required for RIPS 2024 Stamp Duty Entitlement
To secure the stamp duty entitlement before registration, the following documents are required:
- Project report for the proposed enterprise
- Purchase agreement or agreement to lease for the property
- Complete property chain documents
- Affidavits and declarations as required under RIPS 2024
- Udyam registration certificate where applicable
- Supporting enterprise registration documents
Karnani and Co. manages the entire documentation process end to end. From preparing the project report to compiling property chain documents, filing the application on the RIPS portal, and coordinating with the Department of Industries. Our team handles every step so the entitlement is in place before your registration date.
Sample Stamp Duty Exemption Certificate issued under RIPS 2024
Sample entitlement certificate issued under RIPS 2024. Client details masked for confidentiality.
Why Most Businesses Miss This Stamp Duty Benefit Before Registry
Most businesses that come to us for RIPS 2024 stamp duty exemption after the land has already been registered. At that point, there is nothing that can be done. The exemption window closed permanently at the moment the deed was executed.
On a Rs 1 crore purchase, that is Rs 6 lakh gone. On larger industrial land transactions, the number is proportionally higher.
The businesses that benefit are those that come to us at the planning stage, before the land deal is finalised and before the registration date is fixed.
Even two weeks of advance notice is sufficient to file the entitlement application, obtain the certificate, and have everything in place before you approach the sub-registrar.
If your land purchase, lease, or commercial space transaction is currently in progress, this is the conversation to have today, not after the paperwork is done.
Karnani and Co. has handled RIPS 2024 stamp duty entitlement for manufacturing, service sector, and commercial space transactions across Rajasthan. If your investment is in progress and you are not certain whether the exemption has been secured, send us a message on WhatsApp with a brief note about your transaction and where you are in the process. We will come back to you the same day with a clear assessment of whether the entitlement can still be obtained in time.
About Your Advisor
Rajendra Gora FCA, Partner, Karnani and Co.
12+ years of experience in Government Subsidy, Incentive Schemes, Project Funding and GST matters.
Whatsapp No. +91 8058090374
Send a message on WhatsApp with your query and we will respond the same day.