Rs. 350 crore collected as stamp duty, fee in district

KOCHI: District Registrar A.G. Venugopal has said that the district has collected Rs. 1,694 crore on account of stamp duty and registration fees since the LDF government came into power four years back.

Addressing a press conference to enumerate the achievements of his department in connection with the fourth anniversary of the State government here on Monday, Mr. Venugopal said that the revenue during the 2009-10 fiscal alone was in excess of Rs. 350 crore.

The district mobilised Rs. 10 crore through one-time settlement of undervaluation cases pending since 1986, he said. This was through the settlement of 37,828 cases.

Complaints at the sub registrar offices were being resolved timely to a great extent through the conduct of monthly complaint-redressal adalats. With fair price coming into force, stamp duty had fallen from 10 to 7 per cent in panchayat regions, 12.5 to 8 in municipality limits, and from 13.5 to 9 per cent within Corporation areas. Stamp duty for new flats had been reduced by five per cent