Property News

Remission of SD and Reg. Fee for BSUP/IHSDP of JNNURM


No.62-F.T.15th January 2016 – WHEREAS the Governor is of the opinion that there are practical grounds for doing so:

NOW, THEREFORE, in the workout of the powers conferred via clause (a) of sub-section (1) of part 9 of the Indian Stamp Act, 1899 (2 of 1899) and sub-section (2) of area seventy eight of the Registration Act, 1908 (16 of 1908), for the execution of every sale/ switch deed touching on to the houses/ residences built underneath the Basic Services for the Urban Poor (BSUP) I The Integrated Housing and Slum Development Programme (JHSDP) of JNNURM in favour of the beneficiaries, the Governor is thrilled to remit the distinction between stamp obligation chargeable on the market cost of such property and Rupees One Hundred, and registration costs payable on the market fee of such property in full:

Provided that the market fee of such property does now not exceed Rupees Ten Lac:

Provided in addition that if the market fee of such property exceeds Rupees Ten Lac, distinctive order will be issued through the Finance (Revenue) Department in every case on the advice of the Principal Secretary/ Secretary of Municipal Affairs Department / Urban Development Department of the State Government.

2. No remission of the Standard User Charges payable for computerised registration of such deeds shall be allowed.

3. This advantage will be on hand solely if registration is finished by using the thirty first of March 2017.

4. This order problems in supersession of this branch order No. 1047-F.T. dated eighth July 2011.

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