Sri Vijaya Puram, March 23: Dr. J Arockia Raj, National Member of the World Human Rights Protection Commission (WHRPC), New Delhi, has submitted a formal representation to the Hon’ble Lieutenant Governor of Andaman & Nicobar Islands requesting a reduction in stamp duty rates to promote economic growth and facilitate affordable housing.

Citing the provisions of the Indian Stamp Act, 1899, and the Indian Stamp (Andaman & Nicobar Islands Amendment) Regulation, 1961, Dr. Raj emphasized that lower stamp duty would encourage real estate investments, benefit first-time homebuyers and small businesses, and enhance overall revenue generation through increased transactions.