Kashmir Indepth

Annual stamp duty rates preparation underway for upcoming year in Kashmir Division.


SRINAGAR, DECEMBER 04 ( KINS): Divisional Commissioner Kashmir Pandurang K Pole on Saturday emphasized to the Deputy Commissioners of Kashmir Division to continue the existing stamp duty rate on land and make no change to the current rate.

He was chairing a preparation meeting for revision of market value guidelines &  rules and revision of rates for upcoming calendar year 2022. Annual stamp duty rates  preparation process is underway for the upcoming year in the Kashmir Division.

He said covid affected the economy and slumped the growth which  necessitates the need to keep the existing rate of stamp duty.

However, he directed for correction of aberrations or any mismatch in previous rate schedule and clearance of  variations, if any, in  any village or area.

Besides, he directed for including those areas in the upcoming year rate list which were left out or missing in the previous list while preparation of market value and stamp duty.

Meanwhile, he also enquired from district officers about  NHIA  land acquisition awards under new act,   multiplication rate, solatium  and other financial values.

Except, Deputy Commissioners of Ganderbal, Pulwama and Shopian who had proposed no change in stamp duty for upcoming year starting from January 2022, other Deputy Commissioners had suggested 2-5 %  increase in the stamp duty rate. However, Div Com said that rate should commensurate with economy and stressed on no change in existing stamp duty rate.

The meeting was attend by all DCs of Kashmir Division, Chief Conservator of forests; additional Inspector General of Registration;  Chief Engineer, R&B; Chief Town planner,  Kashmir; Regional Director Survey and Land Records; Deputy Commissioner Stamps; Joint Director Agriculture,  Kashmir; and other officers.

Related posts

Srinagar Police arrests 05 shopkeepers for defying Govt prohibitory orders

Kashmir Indepth

Traffic Barred From J&K National Highway 2 Days A Week, Sparks Uproar

Kashmir Indepth

JK bank suspends two officials for allegedly leaking ACB letter to social media

Kashmir Indepth

India went past peak in September, Covid may run its course by February: Govt panel

Kashmir Indepth

Horticulture Department organizes awareness camp at Ketsun, Benlipora (Aloosa)

Ankit Sharma

Ilitaja Mufti writes to LG: Release all detainees including her mother

Kashmir Indepth

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy