MLA RAMAN ARORA EXPOSES STAMP DUTY EVASION IN SALE DEED OF COMMERCIAL PROPERTY, DC ORDERS RECOVERY -

PROPERTY REGISTRATION GOT EXECUTED BY SHOWING COMMERCIAL BUILDING AS RESIDENTIAL ONE- RAMAN ARORA

DC ASKS SUB REGISTRAR TO IMMEDIATELY TAKE ACTION AS PER LAW TO RECOVER THE DEFICIENT AMOUNT

JALANDHAR, 22 APRIL 2022 : Deputy Commissioner Ghanshyam Thori today ordered stamp duty recovery in the sale deed of a commercial building situated at Civil Lines Jalandhar after Jalandhar Central MLA Raman Arora exposed the stamp duty evasion during a meeting with the former. Taking a prompt action on the inputs received from the MLA, the DC asked Sub Registrar-I Maninder Singh Sidhu to initiate action as per law following which the Sub Registrar has referred the matter to the court of ADC (G) under section 47A of Indian Stamp Act.

Divulging the details, MLA Raman Arora said that the sale deed of a commercial property (old friends’ theatre complex) was executed on January 19, 2022. He further added that the sale deed was got executed by showing a commercial property measuring 44 marlas as residential one which caused revenue loss to the state exchequer as the commercial or residential collector rates are different here.

The MLA said that as per commercial collector rates, the document was to be registered at the rate of Rs. 7.5 lakh per marla where as it was registered on residential rates i.e. Rs. 5 lakh per marla leading to a stamp duty deficiency nearly Rs. 8 lakh. Mr. Arora on Thursday met with the DC to bring this matter into light on which the DC took prompt action and asked the Sub Registrar-I to immediately take action as per provisions laid down under the Indian Stamp Act.

Pointing out further, Sub Registrar-I Maninder Singh Sidhu said that the matter has been referred to the court of Additional Deputy Commissioner (G) for further action and recovery of deficient stamp duty under section 47A of Indian Stamp Act and the deficient amount would be recovered from the buyer as per the Act.