Telangana Registration and Stamps dept clears pending dues of over ₹5,700 cr to local bodies
1 month ago

Telangana Registration and Stamps dept clears pending dues of over ₹5,700 cr to local bodies

The Hindu  

Telangana Registration and Stamps department is continuing its impressive run in terms of revenue generation of over ₹10,000 crore at the end of the first three quarters of the current financial year. The department levies charges in the form of stamp duty, registration fee, transfer duty and mutation fee for the land transactions. Of these, revenue through stamp duty and registration fee accrues to the department while transfer duty and mutation fee would be devolved to local bodies. Senior officials said the department was able to clear over ₹5,700 croredues of transfer duties and mutation fee to the local bodies. “The huge dues are because of the fact that these duties were not transferred to local bodies over the past couple of years,” a senior official told The Hindu.

Local Registration Local Bodies Revenue Crore Department Fee Dues Bodies Transfer Duty  crore  local  stamps  dues  clears  department  bodies  cr  dept  fee  telangana  transfer  duty  pending  revenue  registration

History of this topic

GHMC gets a ₹3,000-crore windfall from Registration & Stamps Department
2 months, 1 week ago

GHMC gets a ₹3,000-crore windfall from Registration & Stamps Department

The Hindu  

The Greater Hyderabad Municipal Corporation has got a windfall of about ₹3,000 crore, as its share from the stamp duty collected by the Telangana Registrations and Stamps department, which had been pending for nearly six years. With skyrocketing property values in the four districts that contribute to GHMC, namely Hyderabad, Rangareddy, Medchal-Malkajgiri, and Medak, and the revision of property prices …

Telangana boosts revenue with increased focus on stamps, excise, non-tax sources
7 months, 3 weeks ago

Telangana boosts revenue with increased focus on stamps, excise, non-tax sources

New Indian Express  

HYDERABAD: With welfare and implementation of six guarantees being its focal points, the state government mainly focused on Stamps & Registration department, Excise and non-tax revenue to generate additional revenue. The income from state excise is estimated to be Rs 25,617.53 crore as against 2023-24 AE of Rs 20,298.55 crore. Though the non-tax revenue is Rs 23,819.50 crore in 2023-24, …

Stamp duty hiked for several transactions
10 months, 1 week ago

Stamp duty hiked for several transactions

The Hindu  

A multi-fold increase in the stamp duty has been effected for several transactions. The stamp duty for registration of an instrument regarding power of attorney for the sale of immovable property for consideration was originally fixed at 4% on the value of consideration. A senior government official explains that the amendment to the Indian Stamp Act, 1899, has been done …

Property registrations dropped in last quarter, govt to miss revenue target
2 years ago

Property registrations dropped in last quarter, govt to miss revenue target

Deccan Chronicle  

HYDERABAD: Property registrations in Telangana dropped in the last quarter of this fiscal after witnessing an increasing trend in the first three quarters. With this, the state government’s hopes of exceeding the revenue targets this fiscal through property registrations have been dashed. The date obtained from the stamps and registrations department shows that the state government registered decent earnings through …

Telangana thriving despite Centre creating hurdles: Finance Minister T Harish Rao
2 years, 1 month ago

Telangana thriving despite Centre creating hurdles: Finance Minister T Harish Rao

New Indian Express  

Harish Rao said that another glaring instance of discrimination to Telangana is the order issued by the Ministry of Power in August, 2022 which directed the Telangana government to pay pending dues of TS DISCOMs amounting to Rs 3,441.78 crore as principal and Rs 3,315.14 crore as late payment surcharge, totalling Rs 6,756.92 crore to AP Genco within 30 days. …

States Earn Rs 1.7 Lakh Crore From Stamp Duty, Registration Charges During 2021-22: Report
2 years, 9 months ago

States Earn Rs 1.7 Lakh Crore From Stamp Duty, Registration Charges During 2021-22: Report

News 18  

The total revenue collection from stamp duty and registration charges from 27 states and one union territory in India was recorded at Rs 1.7 lakh crore for the financial year 2021-22. The state contributed 21 per cent of the country’s overall stamp duty and registration charges revenue. Uttar Pradesh was placed second with Rs 20,048.3 crore revenue from stamp duty …

Higher charges affect land registrations in Telangana
3 years, 1 month ago

Higher charges affect land registrations in Telangana

Deccan Chronicle  

HYDERABAD: Land registrations have dipped across the state since February 1 with the increase in the market value of lands and registration charges for the second time this fiscal. The government which earned over Rs 60 crore per day prior to February 1 through land registrations has been registering revenues of about Rs 32 crore per day on average since …

Discover Related