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19 objections on stamps and duty guidelines

THE OFFICE of district registrar, stamps and duty, has received 19 objections and suggestions against the guidelines proposed for 2007-08 in the district.

india Updated: Feb 09, 2007 23:55 IST

Most residents seek decrease in guideline area; February 13 meeting to decide

THE OFFICE of district registrar, stamps and duty, has received 19 objections and suggestions against the guidelines proposed for 2007-08 in the district.

The District Valuation Committee will sort out the issues at its level before a meeting of Central Valuation Board is held at Bhopal on February 13. But, the policy-related objections would be discussed at the Board’s meeting, District Registrar, stamps and duty, N S Tomar said.

While most residents have demanded decrease in the guideline area, Rajmohalla resident H G Chowksi has suggested increase in guideline of Gulab Park Colony Main Road (Rajmohalla). He asserted that guideline of Gulab Park area, which is also on the main road, and that of Gulab Park Colony should be same, as they are situated in the same vicinity.

Committee member and Assembly constituency five (BJP) MLA Mahendra Hardia has also registered protest over increase in guideline in backward areas, slums and areas that are devoid road and drainage. Of the commercial and residential complexes, he expressed the need to review the guidelines for first floor and above. He commented that registration of property was no industry whose motto should be income generation. Instead, the guidelines should be decided in a manner that should encourage people pay stamp duty and go for registration.

In his objection, Krashi Upaj Mandi member Suresh Pachauri remarked that proposed guideline of Rs 7.5 lakh per hectare at Bisnavada village (Indore tehsil) is 15 times more than the market rate. This, he added, should be rationalised.
Hope Textile Mill management has objected to clubbing of its unit one (Snehlataganj) and unit two (Poddar Plaza next to Gandhi Hall) and has demanded separate guidelines. Others who have submitted their views include Readymade Complex Associates and Sanver Road Laghu Udyog Sangathan.

According to Tomar, guidelines keep the generation of black money under check, as people are required to pay registration fee and stamp duty through cash or cheque.

In addition, it helps income tax department to impose the tax on (capital gain) of property purchaser in accordance with guideline. Besides, one per cent of the total tax recovered goes to respective municipal corporation and panchayat.