Govt. of A.P. has decided to enhance stamp duty on registration of lands with effect from 1st April 2013.
Mr. Thirumurthulu, Minister for Registration and Stamps, informed the pressmen that Govt. is actively considering to enhance the rates of stamp duty on registration of lands.
Despite the provision for the enhancement of stamp duty every two years in rural areas and every year in urban areas, Govt. Didn’t enhance land values since 2011.
He told that during the current financial year, an attempt was made to collect stamp duty up to Rs.6600 thousand crore but so far Rs.4500 could only be collected. It is expected that Govt. would get an income of one thousand crore rupees.
He further told that stamp duty would be raised only after eliciting the opinions of the public for raising the land value.
The Minister of Registration and Stamps appealed to the people to cooperate with the Govt.
—Siasat News