SRINAGAR, DECEMBER 04: 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 the upcoming calendar year 2022. The 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 the 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 the 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 starting from January 2022, other Deputy Commissioners had suggested 2-5 % increase in the stamp duty rate. However, Div Com said that the rate should be commensurate with the economy and stressed on no change in the existing stamp duty rate.
The meeting was attended 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.