stamp and registration department
During the first quarter of the current fiscal year, a 40 percent increase in revenue was reported by the stamps and registration department in the jurisdiction of Visakhapatnam urban district. According to the figures released by the stamps and registration department, the first-quarter revenue earned by the department increased from Rs 53.99 crore in the 2013 first-quarter to Rs 75.25 crore in [...] Continue Reading »
UP stamp and registration department has deferred the proposal about a reduction in circle rates. Officials cited that with general elections round the corner, the code of conduct could be implemented anytime and thus, the proposal cannot be implemented soon. Also, the newly-appointed district magistrate needs to study the proposal in detail before allowing the [...] Continue Reading »
The state government is planning to cut the cost of formalizing joint development agreement to a mere Rs 200, which is expected to benefit consumers as developers will pass on the cost benefits to them. In order to keep builders happy, the government has removed the one percent fee clause imposed on joint development agreement and related power [...] Continue Reading »
The revenue taxes for the commercial, excise and motor vehicles departments have been hiked by the government. An additional Rs 6, 850 crore is to create from this three departments and further a sum of Rs 900 crore is expected from the stamps and registration department, and the total revenue to be mobilized will touch [...] Continue Reading »
