The State government has recorded first quarter revenue of Rs 212.77 crore from registration of property related documents for the financial year 2013-14.
Out of a total of 62,899 documents registered in the first quarter of the current financial year, 6,267 registrations were made in the name of a woman applicant. The Government has also announced exemption of a total amount of Rs3.16 crore in stamp duty in cases where property had been transferred in the name of a woman this year in the aforesaid period.
It may be mentioned that the Government with a view to empowering women had announced exemption of stamp duty of one per cent if the property is transferred in the name of a woman in the State.
The stamp duty of 5 per cent is charged if the property is transferred in the name of a male member of a family and four cent if it is transferred in the name of a female member of the family. Officials at the Office of Inspector General of Registration informed that a target of Rs1,150 crore had been set for collection of revenue under Registration and Stamp Duty for financial year 2013-14.