Chhattisgarh Stamp Duty Exemption for Buying Sick or Closed Units
Department of Industries, Government of Chhattisgarh · Central government
Chhattisgarh gives full stamp duty exemption to enterprises purchasing a sick or closed industrial unit.
Open, rolling. Applications are accepted continuously — there is no deadline.
Key facts
- Subsidy amount
- Not specified
- Instrument
- Subsidy
- Deadline
- Rolling
- Disbursement
- Reimbursed after spend
About this scheme
Under the Chhattisgarh Industrial Development Policy 2024-30, the Stamp Duty Exemption for Sick/Closed Unit Acquisition allows stamp duty to be waived in full when an industrial unit that has been declared sick or closed is acquired. The state government intends this measure to lower the cost burden on incoming investors and enterprises taking over such units.
The exemption is directed at reviving dormant industrial assets and putting existing infrastructure back into productive use. It also seeks to generate employment and support industrial diversification and economic growth across Chhattisgarh.
By easing the takeover of closed or sick units, the policy aims to simplify acquisition and encourage sustainable industrial development, while strengthening industrial output and the state's business environment.
Who can apply
- Eligible business forms
- Private limited company, Limited liability partnership, One person company, Partnership firm, Sole proprietorship
- Udyam registration
- Not specified
- MSME registration
- Not specified
- DPIIT startup recognition
- Not specified
- GST registration
- Not specified
- Where the business may be based
- Chhattisgarh
- Enterprises that have been declared closed or sick while the acquisition process is under way.
How to apply
- Consult the Chhattisgarh Industrial Development Policy 2024-30 for the full procedure governing claims of this exemption at the time of acquiring the unit. - Assemble every document connected with the takeover of the sick/closed unit, in line with what the policy guidelines require. - File the exemption application via the state government portal or department named in the policy, meeting each submission requirement laid down there.
How applications are assessed
Eligibility is first checked administratively, with the main point of scrutiny being whether the taken-over unit has been formally declared sick or closed in line with government norms. Once all prescribed documents are filed and the conditions laid down in the Chhattisgarh Industrial Development Policy 2024-30 are met, the claim is taken up for processing. Before the exemption is allowed, the authorities examine the evidence furnished to confirm that the policy criteria have been satisfied.
Frequently asked questions
What is the benefit of this policy?
In Chhattisgarh, stamp duty is waived in full for eligible enterprises that acquire sick or closed industrial units, which lowers the upfront property transfer and registration costs of such acquisitions.
Who is eligible to claim this exemption?
Enterprises taking over units that have been officially declared closed or sick can qualify. The incentive is thus aimed at bringing non-operational industrial assets in the state back into use.
What kind of units qualify for this exemption?
Industrial units formally declared closed or sick by the competent authorities, as defined under the Chhattisgarh Industrial Development Policy 2024-30, are the ones to which this exemption applies.
How does this exemption support businesses?
Waiving stamp duty lowers the cost for businesses that take over and restart closed industrial units, which discourages assets from lying idle and supports fresh employment and industrial activity in Chhattisgarh.
Is there a monetary limit to this exemption?
The policy grants a full exemption from stamp duty, so the entire amount payable on the acquisition is waived irrespective of value; the policy document sets no monetary cap.
Where can I find more details about the application process?
The Chhattisgarh Industrial Development Policy 2024-30 document is the authoritative source for the application process, required documents and claim procedure for this stamp duty exemption, and applicants should consult it in full.
Sectors
- Stamp Duty
- Exemption
- Industrial Policy
- Chhattisgarh
- Msme Support
- Unit Acquisition
- Revitalization
Details last verified on 18 September 2026. Source: the issuer's published information.