Odisha Stamp Duty Exemption for Land Transfer

The Industrial Policy Resolution 2022 of Odisha provides a stamp duty exemption on the transfer of land or industrial sheds. The incentive is intended to draw fresh investment and to support the expansion, modernisation and diversification of existing industrial units, especially those in notified Priority and Thrust sectors.

By waiving stamp duty on such transfers, the Government of Odisha looks to lower the upfront capital expenditure a business must bear, thereby making it easier to set up or scale up operations. The measure reflects the state's focus on ease of doing business, industrial competitiveness and employment generation across strategic sectors.

The exemption is available where the land or shed is transferred by a government entity such as IDCO (Odisha Industrial Infrastructure Development Corporation) or by recognised Private Industrial Estate developers.

To obtain the Stamp Duty Exemption for Land/Shed Transfer, industrial units must complete the application process set out in Odisha's Industrial Policy Resolution 2022.

- **Step 1: Submission of Project Proposal:** Draft a comprehensive project proposal covering the new unit, expansion, modernisation, or diversification, explicitly declaring the intention to claim incentives available under the Industrial Policy. - **Step 2: Review by the Department:** Forward the proposal to the concerned state authority — usually the Department of Industries or a nodal agency such as IPICOL — which carries out initial screening and confirms whether the project qualifies under the Priority or Thrust sectors. - **Step 3: Acquisition of Land/Shed:** Carry out the purchase of land or an industrial shed from the Government, IDCO, or a recognised Private Industrial Estate developer. Make sure all documents required for the transfer are drawn up in line with state regulations. - **Step 4: Filing the Exemption Application:** Lodge a formal application for stamp duty exemption, together with the land/shed transfer documents, with the relevant revenue or registration authority. The application must cite the provisions of the Industrial Policy Resolution 2022 and the project approval issued by the Department of Industries. - **Step 5: Verification and Approval:** The authorities examine the project's eligibility, its sector classification, and the character of the land/shed transfer. Once verification is completed successfully, the stamp duty exemption is allowed at the time of registration. - **Step 6: Compliance and Monitoring:** Maintain continuous compliance with the terms and conditions of the Industrial Policy, since units may face periodic reviews to confirm that the commitments made in the incentive application are being honoured.