Chhattisgarh Stamp Duty Exemption for Buying Sick or Closed Units
By Department of Industries, Government of Chhattisgarh
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Quick Answer
Enterprises buying a sick or closed industrial unit in Chhattisgarh get full stamp duty exemption on the purchase.
- Funding amount
- Varies
- Funding type
- Subsidy
- Application deadline
- Rolling
- Location
- Chhattisgarh
About this subsidy
The Stamp Duty Exemption for Sick/Closed Unit Acquisition is a key incentive under the Chhattisgarh Industrial Development Policy 2024-30. This program aims to revitalize the industrial landscape of Chhattisgarh by encouraging the acquisition and revival of industrial units that have been declared sick or closed. By offering a full exemption from stamp duty during the acquisition process, the state government seeks to reduce the financial burden on new investors and enterprises. This initiative promotes the productive utilization of existing industrial infrastructure, generates employment opportunities, and contributes to the overall economic growth and industrial diversification within the state. It's designed to streamline the process of taking over dormant assets and injecting new life into them, supporting sustainable industrial development. This strategic move is crucial for enhancing industrial output and fostering a more dynamic business environment in Chhattisgarh.
Eligibility
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Full eligibility criteria — entity type, stage, sector, founder profile and registration requirements — plus your fit for this program. Sign up to view.
Subsidy providers
Benefits & Funding
What You Get
Eligible enterprises will receive full exemption from stamp duty when acquiring sick or closed industrial units within Chhattisgarh. This direct financial benefit significantly reduces the cost of acquisition and encourages industrial revitalization and asset utilization in the state, promoting economic growth and employment.
- Disbursement
- Reimbursement
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
The selection process involves administrative verification of the enterprise's eligibility, primarily confirming that the acquired unit has been officially declared as sick or closed as per government norms. The claim will be processed upon satisfactory submission of all required documents and adherence to the guidelines specified in the Chhattisgarh Industrial Development Policy 2024-30. Authorities will review the submitted evidence to ensure compliance with policy criteria before granting the exemption.
Application Process
- 1
Refer Policy
Review the Chhattisgarh Industrial Development Policy 2024-30 for detailed application guidelines.
You - 2
- 3
- 4
- 5
How to apply
Four steps from draft to disbursement — one action each.
- 1
See the questions before you start
Download every question this programme's application form asks, so you can prepare your answers offline before opening the portal.
- 2
Line up your documents
Keep every document from the checklist ready in one folder. Missing docs are the #1 reason applications get bounced.
- 3
Submit on the official portal
Use the official application link and verify all details before final submission.
- 4
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Program templates & documents
Files the program publishes for applicants — download these and apply in the prescribed format.
Frequently Asked Questions
What is the benefit of this policy?
Eligible enterprises receive a full exemption from stamp duty when acquiring sick or closed industrial units in Chhattisgarh. This significantly reduces the upfront costs associated with property transfer and registration, making the acquisition process more financially viable for investors.
Who is eligible to claim this exemption?
Enterprises that are in the process of acquiring units officially declared as closed or sick are eligible. This criterion ensures that the incentive is specifically targeted towards reviving non-operational industrial assets within the state.
What kind of units qualify for this exemption?
The exemption specifically applies to industrial units that have been officially identified and declared as closed or sick by the competent authorities, as per the definitions outlined in the Chhattisgarh Industrial Development Policy 2024-30.
How does this exemption support businesses?
By eliminating stamp duty costs, this incentive reduces the financial burden on businesses looking to acquire and revive dormant industrial assets. It encourages investment in existing infrastructure, prevents asset decay, and promotes economic rejuvenation, ultimately fostering new employment and industrial activity in Chhattisgarh.
Is there a monetary limit to this exemption?
The policy explicitly states a 'full exemption' from stamp duty. This implies that the entire stamp duty amount applicable to the acquisition will be waived, regardless of its value, with no specific monetary cap mentioned in the policy document.
Where can I find more details about the application process?
Comprehensive details regarding the application submission, required documentation, and the entire claim process for this stamp duty exemption can be found within the official Chhattisgarh Industrial Development Policy 2024-30 document, which is the authoritative source for all policy incentives and procedures. Applicants are advised to consult this document thoroughly.
