Saturday, April 27, 2024
HomeNewsTop NewsTamil Nadu govt looks to boost revenue via property registrations

Tamil Nadu govt looks to boost revenue via property registrations

The pandemic year of fiscal 2020-21 recorded revenue to the tune of Rs. 10,643 crore through stamp duty and registration fee between April 2020 and March 2021. The income was less by around 3.6% the corresponding financial year of 2019-2020 when Rs 11,028 crore was generated as revenue.

Tamil Nadu minister for commercial taxes and registration P Moorthy conducted a review meeting with the registration officials to boost revenue through property registrations after the second wave of Covid-19.

Land registrations had been affected for four months during the first wave of Covid-19 last year.

During the meeting, stress was laid on steps to be taken for increasing the revenue as revival for registration offices was faster than in 2020.

The pandemic year of fiscal 2020-21 recorded revenue to the tune of Rs. 10,643 crore through stamp duty and registration fee between April 2020 and March 2021. The income was less by around 3.6% the corresponding financial year of 2019-2020 when Rs 11,028 crore was generated as revenue.

According to sources, officials were directed to ensure that properties of temples under the jurisdictional control of the Hindu religious and charitable endowments department, water bodies and poramboke land are not being registered under Section 22-A of the Registration (Tamil Nadu Amendment) Act. The Act facilitates re-registration of plots, if the earlier land transaction refers to it as ‘house site’. Returning the documents on the same day to arrest any delay, measures to curb staff reporting late to office and progress of the recently launched grievance control room were also reviewed, sources added.

Registration secretary B Jothi Nirmalasamy, inspector general of registration M P Sivanarul and senior officials from the registration department participated in the meeting, an official release here said.

RELATED ARTICLES

Most Popular

Hot News