Dist admn fails to meet annual target of stamp duty collection Against the target of `320 crore | punjab | Hindustan Times
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Dist admn fails to meet annual target of stamp duty collection Against the target of `320 crore

While the state government's policy for regularisation of illegal colonies is yet to generate the desired revenues, but it has caused a sharp decline in the stamp duty collection, as just half the annual target has been met by the district administration so far.

punjab Updated: Dec 06, 2013 22:47 IST
Rajeev Bhaskar

While the state government's policy for regularisation of illegal colonies is yet to generate the desired revenues, but it has caused a sharp decline in the stamp duty collection, as just half the annual target has been met by the district administration so far.


Annual target of Rs 320 crore towards stamp duty collection was given to the district administration, but till October 13, only Rs 133.3 crore has been collected.

According to the data, tehsildar-I was given the annual target of Rs 119 crore, but only Rs 62.3 crore has been collected, while tehsildar-II, who was given the annual target of `84 crore, has collected just Rs 30.2 crore till October 13.

In sub-division, situation is worse as in Mahitpur, where the target was Rs 9 crore, only Rs 1.7 crore has been collected followed by Bhogpur, where against the target of Rs 12 crore, only Rs 3.6 crore has been collected. Deputy commissioner Varun Roojam admitted that there was a drastic shortfall in revenue collection duty. He cited the slump in real estate market as reason for such a steep decline in revenue collection.

“There is a slump in the real estate market across the country. But annual target of stamp duty collection have been revised and increased in the recent years due to boom in the market,” the DC said adding that in the last fiscal year also against the annual target of Rs 245 crore, Rs 320.21 crore was collected from Jalandhar only.

Sources in the revenue department said ban on the registration of property on the basis of power of attorney and compulsory no objection certificate (NOC) for registration of properties in illegal colonies, have caused slump in revenue collection.

Under the policy for plot regularisation in illegal colonies, ban on sale and purchase of plots in such colonies was imposed. In Jalandhar, barring only four new colonies, which were planned and announced by state government, more than 90% colonies are illegal, where sale and purchase has been completely stopped.

“People find it tough to get the NOC from departments concerned, even after depositing the mandatory fee for regularisation of their plots,” a plot holder in illegal colonies said.

Even the deed writers are finding it hard to make their livelihood, due to slump in real estate market. Some of them have opted for other options to earn their bread and butter, sources said.

FAST FACTS
Annual target collection till Oct 13 (in crores)

Jalandhar-I 119 62.23
Jalandhar-II 84 30.22
Nakodar 15 5.85
Shahkot 12 5.50
Phillaur 15 5.97
Adampur 12 3.10
Bhogpur 12 3.68
Kartarpur 9 2.45
Nurmahal 12 4.82
Goraya 12 3.97
Lohian 9 3.69
Mahitpur 9 1.78

Total 320 133.30