The State Government has received revenue of Rs 349.12 crore till August during the current financial year from Registration and Stamp duty collections.This was informed in a meeting of district registrars chaired by Director General (Registration) S Prakash here on Saturday.
During the meeting, Prakash directed all the district registrars to carry out a spot inspection of the properties before their transfer to other parties.
He said that the officers must take legal action against those owners of properties who hide the documents to evade payment of taxes during their transfer to other parties.
Prakash said that the State Government has made certain amendments in the land Revenue Code in which the transfer of agricultural land would be made only to the genuine farmers for which rules are being framed.
The Government has also ended levy of one per cent ‘Panchayat Fee’ during registration of properties in the urban areas of the State, he said.
It was also informed in the meeting that one percent exemption of stamp duty is applicable in cases where the property is being transferred to a female member of a family. As a result, till August this year, exemptions totalling Rs 16 crore were offered to women beneficiaries in this regard, he said.