Live
- DEO suspends teacher accused of sexual assault
- PM ‘cursing’ Congress out of despair: Maharashtra Cong Chief
- Applications are invited for Junior Colleges Scheme District Scheduled Castes Development Officer Ramlal
- A nomination was filed on the second day for the Nagar Kurnool parliamentary seat
- SP Gaikwad inspected the Telangana Amarnath Saleswaram Jatara yatra arrangements
- Rahul Gandhi's decision to contest from Wayanad shows 'lack of confidence': BJP President Nadda
- IPL 2024: Delhi bowlers will go after all of SRH’s top-order batters, says head coach Ricky Ponting
- At Amroha rally, PM Modi sends out ‘meaningful’ message for Muslims and Hindus
- Tripura records highest 79.83 pc voter turnout in Northeast
- The government has to clear the confusion
Heavy rush at registration offices : Govt enhances property value
For the past two days, heavy rush was at the joint registrar and subregistrar offices of the registrations and stamps department across the district, thanks to the governments decision which enhanced the value of lands and assets for five per cent with effect from August 1 this year
Srikakulam: For the past two days, heavy rush was at the joint registrar and sub-registrar offices of the registrations and stamps department across the district, thanks to the government’s decision which enhanced the value of lands and assets for five per cent with effect from August 1 this year.
With the government’s decision, property value was increased to five per cent from existing rates.
At present, if the property market value as per government rates is Rs 1 lakh, it will be increased to Rs 1.05 lakh from August 1 and stamp duty also increased proportionately on the enhanced market value.
To avoid payment of more stamp duty fee and charges, purchasers and sellers of lands, sites, buildings and other assets are in a hurry to complete registrations before August 1 with an aim to save stamp duty.
“I entered into an agreement of sale with another person to purchase 387 square yards of land and registered one day ago with the enhancement of assets value”, seller T Anuradha told The Hans India.
“On an average, every day 100 properties are being registered at Srikakulam headquarters office”, joint registrar-1 and joint registrar-2 of Srikakulam K Taviti Naidu and V Ramapathi Rao told this newspaper.
