Three month ago, the Tamil Nadu ( TN )state government had announced a Samadhan' (Settlement ) scheme, a conciliatory measure, to settle stamp duty disputes between its Registration Department and property owners, and a one-time settlement scheme to settle arrears of sales tax.
Tamil Nadu government had issue a official press release on November 2011. It said, ''There is Samadhan' scheme will be in operation for 3 months. As on July 31, 2011 there were 39,812 documents pending under Section 47A of the Indian Stamps Act, 1899. Stamp duty has to be paid on the market value of the property that is being transacted. But when the property is under-valued or when the stamp duty is not paid, the Act provides for the issue to the District Revenue Officer(Stamps/Special Deputy Collector Stamps.To clear the pending issues and enable the public get the documents and clear the locked-up government revenue in these cases, theSamadhan' scheme by the Registration Department provides for the buyers to two-thirds of the difference of stamp duty paid and the duty that has to be actually paid under the guideline value."
However, Mr. Thiru Dharmendra Pratap Yadav IAS has issued a statement on yesterday 3-1-2012.
In this latest statement he said, ''The Settlement scheme will be in effect only until January 31, 2012. After that the there is on extension program for any reason. Such pending documents will be send to District Revenue Officer(Stamps)and Special Deputy Collector (Stamps). After that with full payment and interest will be stamped with a solution."
Tamil Nadu government had issue a official press release on November 2011. It said, ''There is Samadhan' scheme will be in operation for 3 months. As on July 31, 2011 there were 39,812 documents pending under Section 47A of the Indian Stamps Act, 1899. Stamp duty has to be paid on the market value of the property that is being transacted. But when the property is under-valued or when the stamp duty is not paid, the Act provides for the issue to the District Revenue Officer(Stamps/Special Deputy Collector Stamps.To clear the pending issues and enable the public get the documents and clear the locked-up government revenue in these cases, theSamadhan' scheme by the Registration Department provides for the buyers to two-thirds of the difference of stamp duty paid and the duty that has to be actually paid under the guideline value."
However, Mr. Thiru Dharmendra Pratap Yadav IAS has issued a statement on yesterday 3-1-2012.
In this latest statement he said, ''The Settlement scheme will be in effect only until January 31, 2012. After that the there is on extension program for any reason. Such pending documents will be send to District Revenue Officer(Stamps)and Special Deputy Collector (Stamps). After that with full payment and interest will be stamped with a solution."
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