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Pawan lands in prime row
For construction of his office-cum-residence in Kaza in Guntur district, Jana Sena president Pawan Kalyan has purchased 2.07 acres of prime land at government estimated market value of Rs 41,40,000. In fact, the 2.07-acre land is worth more than Rs 12 crore in the market.
Amaravati: For construction of his office-cum-residence in Kaza in Guntur district, Jana Sena president Pawan Kalyan has purchased 2.07 acres of prime land at government estimated market value of Rs 41,40,000. In fact, the 2.07-acre land is worth more than Rs 12 crore in the market.
This leaves two possibilities - he may have paid more in black money for the land or may have got it for much less as a consideration from the seller because he is a politician-cum-film actor. "Either way it is not legal since it would mean paying less registration fee or using political influence," argue Telugu Desam leaders.
Pawan Kalyan bought this land from LEPL Smart City Private limited whose director is Lingamaneni Venkata Surya Rajasekhar, on February 2, 2018, according to the registration documents. This land is located at Kaza village on Survey number 361/B1, bounded by North with land belonging to Pattem Ramanjaneyulu, South, belonging to Ardhala Pushpavathi, East belong to Simhadri Sambireddy and Dosapati Venkateswarlu land and West belonging to Eda Prathap Reddy and Chagarlamudi Madhu Sudhana Rao, according to the Encumbrance Certificate of the land purchased by Pawan Kalyan.
Generally, the market value as estimated by the government is always less than the actual going price in the market, but no one would sell the land at this price, says an officer at Sub Registrar Office at Kakani mandal in Guntur district, where Pawan Kalyan registered his land.
A realtor at the Sub Registrar Office observed that generally people tend to show actual market value less than the market value estimated by the government to avoid paying taxes and registration duties.
The balance amount between the actual market value and the value estimated by the government is paid to the seller by the buyer as black money, a realtor observed and said there was no way one would know if Pawan Kalyan had paid more and if he did, how much. “In the real-estate sector, though the purchaser agrees to pay higher value than the official registration value of the land, he tends to show it in the document a price equivalent to the government registration value.
Thereby both buyer and seller will get benefitted as they avoid payment of taxes,” the realtor explained.
A realtor K Nageswara Rao at Kaza explained that the agricultural land value per acre in this area would be from Rs 6 crore to Rs 7 crore, depending on the location and proximity to the National Highway. In this case, Pawan Kalyan showed that he bought the land only for Rs 41,40,000 for the two-acre piece.
Meanwhile, this correspondent tried to get clarification from Pawan Kalyan through his official team members, but the efforts went in vain. One of the Pawan Kalyan’s aides stated that he would inform this to Pawan Kalyan and will come back, but when he did not say.
On the other hand, the TDP leaders are questioning as to how Pawan Kalyan could get the land at this cheap price which is worth more than Rs 12 crore in the market. The TDP leaders blamed that Pawan Kalyan might have used black money to pay the balance. If he had showed government market value but paid more or paid less because of his clout, then it is illegal as he would be paying less taxes, a Telugu Desam leader said.
By: Sambasiva Rao Madamanchi