Stam duty amounting to Rs 38.99 lakh has been waived off for the Tata Memorial Centre’s upcoming cancer hospital in Khalapur, in Raigad district of Maharashtra.

Revenue Minister Chandrashekhar Bawankule’s department moved the proposal for stamp duty waiver, which was approved by the state cabinet in its meeting held in Mumbai on Tuesday. The waiver granted under the Maharashtra Stamp Act will be notified in the state gazette after vetting by the Law and Judiciary Department.

The state government has allotted 10 hectares of land at Tambati in Khalapur on a 30-year lease at a token rate of Rs 1 per year. The hospital is expected to emerge as a model for integrated cancer care treatment.