Tamil Nadu government plans to boost revenue via property registrations

tamil-nadu-government-plans-to-boost-revenue-via-property-registrations

P. Murthy, Tamil Nadu Minister for commercial Taxation and Business Registration held a review meeting with registration officials to discuss the possibilities of increasing income through property registration after the second wave of Covid-19. Last year the land registrations were affected for four months during the first wave of Covid-19.

During the meeting, the focus was on the measures to be taken to increase revenue. As the resumption of the work of the registration offices took place faster than in 2020.

The pandemic fiscal year 2020-21 recorded revenue of Rs. Rs.10,643 crores from stamp duty and registration fee between April 2020 and March 2021. Revenue decreased by approx. 3.6% in the corresponding financial year 2019-2020, when Rs 11,028 crore was generated as revenue.

According to the sources, officials were ordered to ensure that temple properties under the jurisdiction of the Hindu Department of Religious and Charitable endowments department, and poramboke land are not registered under Section 22-A of the Registration Act (Tamil Nadu Amendment Act). The law makes it easier to re-register land if in a previous land transaction they were called “house site”. The sources added that the return of documents on the same day was also considered to stop any delays. Measures to prevent staff from arriving late at the office and the newly opened grievance control room were also reviewed.

According to the official statement, the meeting was attended by the Registration secretary B Jothi Nirmalasamy, the General Registrar MP Sivanarul and senior officials of the registration department.

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