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Annual stamp duty rates preparation underway: Kashmir Div Com Kashmir

Annual stamp duty rates preparation underway: Kashmir Div Com

India Blooms News Service | @indiablooms | 07 Dec 2021, 06:27 pm

Srinagar/IBNS: Divisional Commissioner of Kashmir Pandurang K Pole Saturday emphasized 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 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 are missing in the previous list, whilst 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 the upcoming year, other Deputy Commissioners suggested a two to five percent increase in the stamp duty rate.