Property Seizure Warning for Deficit in Stamp Duty Dues in Maharashtra
The state registration department has issued a stern warning, threatening to seize properties of individuals failing to clear stamp duty deficits by the end of March. About 2.32 lakh cases were identified last month, prompting notices for payment by the March deadline. However, only 11,700 individuals have responded to the notices so far. The department plans to attach properties to recover pending stamp duty dues, and as of mid-January, the total collection registered was Rs 20 crore. With cases predominantly from Mumbai, Pune, Thane, and Nagpur, the government stands to gain around Rs 3,000 crore if citizens comply with the payment, the official noted. The recently announced amnesty scheme provides penalty waivers for cases between 1980-2020 if the deficit stamp duty is paid within the specified two-month periods.
Of the 11,700 respondents, 2,334 have paid the penalty, 5,679 cases have been settled with stamp duty waivers, and 6,021 cases are under scrutiny. The deputy secretary (stamps and registration), SS Bajaj, emphasized that property attachment would be initiated if citizens fail to clear their dues. The amnesty scheme, active until March 31, offers complete waiver on both stamp duty and penalty for cases between 1980-2000 with stamp duty less than Rs 1 lakh. For cases with stamp duty over Rs 1 lakh, a 50% waiver is applicable. Similarly, cases registered between 2000-2020 will receive a 25% waiver on stamp duty if the amount is less than Rs 25 crore, along with a 10% penalty. If the amount exceeds Rs 25 crore, there is a 20% stamp duty and a Rs 1 crore penalty. Some citizens have urged the registration office to consider the time frame before initiating any action, citing delays in receiving notices after the issuance of the GR in December last year.
Similar News
Monsoon Deluge Exposes PMC Road Repair Failures
28 Sep 2023
Amnesty Scheme to Reduce Stamp Duty Deficit
02 Dec 2023
Historic Bhide Wada Set for Redevelopment by PMC
06 Dec 2023
PMC Approved Bus Bay on Nagar Road
12 Dec 2023
PMC Phased Approach to Repair 40 Aging Bridges
08 Jan 2024
Long Weekend से Pune-Satara Highway पर लगा लंबा!
27 Jan 2024
आखिर कब Open होगा Pune Airport का New Terminal?
06 Feb 2024
Pune Areas to Experience Water Shortage Tomorrow
07 Feb 2024
PMC demolishes 29 Hilltop Properties
09 Feb 2024
PMC under scrutiny for repeated budget inflation
03 Apr 2024
Pune Battle Against Rising Garbage-Related Fires
08 Apr 2024
IMD Warns Dry Conditions Challenge 125 Districts
19 Apr 2024
Residents Sweat Through Frequent Power Outages
28 Apr 2024
BSI to Open New Botanical Garden in Mundhwa
27 Aug 2024
