Why the UK paid just INR100 stamp duty buying an INR101 crore Mumbai property

The UK Consulate’s outright acquisition of office space in Mumbai’s business district Lower Parel for over INR101 crore may not be the biggest deal concluded this year. But it has managed to create enough buzz within the sector and among people in general, given that the transaction attracted only INR100 as stamp duty charges against the usual 6% levied in the country’s financial capital. The reason for such a meagre or nominal amount of stamp