The Hindu : Kerala News : Stamp duty to be cut after fixing fair value

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Monday, Nov 05, 2007
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Kerala

Kerala

Stamp duty to be cut after fixing fair value

Special Correspondent

THIRUVANANTHAPURAM: The government proposes to reduce stamp duty after the fair value of land is fixed. Fisheries Minister S. Sarma, who is also in charge of Registration, said here recently that the process for fixing the fair value of land was progressing. It was being done in a scientific manner, and would not give room for complaints raised during a similar exercise in February 2004. The Minister said there was no move to increase the tax burden on the people.

He said the digital image printer developed by the Centre for Development of Imaging Technology (C-DIT), which was installed as a pilot project in the Ernakulam sub-registrar office in 2006, had been extended to 14 major offices during the Government’s first anniversary celebrations. It has since been extended to all sub-registrar offices in the State. The move had helped address the problem of delay in getting certified copies of registered documents. In the Chevayoor sub-registrar office, for instance, the arrears of seven years was cleared within seven days, he said. The Minister said the amendment to rules, making mandatory the affixing of a photograph and fingerprints of the seller and buyer of land in the sale deed, had brought to an end “mysterious” land deals.

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