NOW, THEREFORE, in exercising of the electricity conferred utilizing clause (a) of sub-section (I) of area 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). the Governor is thrilled hereby to remit stamp-duty and registration expenses chargeable on the quantity of difference. If any, between the market cost of such property and the cost outlined in the deed of switch thereof as the joint assignment of any Government or Government Undertaking or Government Authority with any personal entity or extraordinary motive automobile created utilizing the Government or the Government Authority or the Government Undertaking, can also switch on sale or contract or mission of hire or lengthy-time period rent or rent in perpetuity for a high-quality or top class or some cash superior in addition to rent. if any, as the case may additionally be, issue to the circumstance that such set forth -value has been decided or constrained or accepted with the aid of the worried Government or Government Authority or Government Undertaking, as the case may also be.
2. The gain underneath this order shall be allowed when any personal entity switches or leases or makes the mission of hire of any immovable property obtained in the past by way of him on rent from the Government or the Government authority or the Government Undertaking with the prior permission of the worried Government or Government Authority or Government Undertaking and the set forth cost in such switch or rent has been decided or tested or permitted by way of the involved Government Authority or the Government Undertaking as the case can also be.
3. For the residences or homes or areas or gadgets which are being developed or to be developed about to instances referred to hereinabove. the advantage below this order shall allow if the registration is achieved inside a length of 18 (eighteen) months from the date of completion as per certificates issued by using the able authority in this admire or inside a length of 18 months from the date of procurement of electric powered connection for the flat or residence or areas or devices in question. If the registration is finished past 18 months from the date of completion as per certificates issued via the equipped authority in this appreciate or from the date of procurement of electric powered connection for the flat or houses, or areas or unit. as the case may also be, a pastime of 1 (one) per centum on stamp-duty payable and registration charges chargeable per month or pan thereof. shall be paid for such delay.
4. Such advantages shall be allowed solely for the first such switch attracting stamp-duty and registration prices and shall now not be allowed for any 2nd or subsequent transfer until the price of such switch has been decided or verified or permitted with the aid of the involved Government or Government Undertaking as the case may additionally be.
5. This order shall come into impact from the tenth August 2015.
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