The stamp duty is a major source of revenue Tamilnadu government. The State Government levies a stamp duty of 8% , which goes to the local body & 1% registration fees on the value paid. Between April and October this year (2011), the state has earned Rs 3,200 crore in stamp duty collection; this is 16% higher than the period last year, while the number of documents registered has gone down by abouty 50,000, a 3% drop.
The Tamilnadu capital Chennai poropery registrations continue to grow by 20% in Between April and October this year in value terms.
Vellore and Kanchipuram, large urban centres, whose growth is linked to Chennai, are also growing. Coimbatore, an industrial hub in the Western part of the State is another growing city. But cities like Thanjavur & Tiruchi, transactions are down.
Normally a guideline value is a reference for the sub-registrars who handle the registration of property documents, and ensure that the stamp duty is paid on the transaction value which is appropriate for the property.
The Tamilnadu capital Chennai poropery registrations continue to grow by 20% in Between April and October this year in value terms.
Vellore and Kanchipuram, large urban centres, whose growth is linked to Chennai, are also growing. Coimbatore, an industrial hub in the Western part of the State is another growing city. But cities like Thanjavur & Tiruchi, transactions are down.
Normally a guideline value is a reference for the sub-registrars who handle the registration of property documents, and ensure that the stamp duty is paid on the transaction value which is appropriate for the property.
No comments:
Post a Comment