Saturday, July 24, 2021
Home Uncategorized Pay Rs 100 to know property worth: UP authorities

Pay Rs 100 to know property worth: UP authorities

From now on any particular person can method the District Magistrate to know the worth of the property based mostly on the circle fee of the world by paying Rs 100. According to the UP authorities, this transfer will scale back the evasion of stamp obligation by wrongly estimating the worth of the property.

Speaking to The Indian Express, Ravindra Jaiswal, Minister of State (Independent Charge) for Stamp and Registration mentioned, “There is already a system in place to know the circle fee of a specific space on-line. But it was noticed that in lots of instances, folks had problem in making correct assessments and thus needed to pay both much less or extra. This new system will present them a further option to know the true worth of their belongings… This will deliver transparency within the system.

The minister denied that earlier than sale or buy of any property one would want approval or permission from the district Justice of the Peace. “This system is optional and anyone who wants to avail for their own good can do so. It is not binding on anyone. This is just to help the people wherein before sale or purchase of their property if they want to know their exact circle rate then they can get the details by paying a fee of Rs 100 only,” the minister mentioned. Officials mentioned the thought can be to scale back the interference of middlemen within the system as the brand new system is anticipated to scale back the variety of instances of alleged evasion of stamp obligation.

.
With inputs from TheIndianEXPRESS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Kerala’s oldest learner Bhagirathi Amma dies on the age of 107

Kerala's oldest learner, who handed the State Literacy Mission examination on the age of 105, died in Kollam district on Friday. Bhagirathi Amma...

Ed Atkins and his mom starring in a museum present

Written by Jason Farago Of all of the awkward, emaciated long-distance calls of the previous 16 months, British artist Ed Atkins's...

Government not considering to carry two little one coverage: Minister of State for Health informs Lok Sabha

Asked whether or not the federal government was contemplating bringing a two-child coverage, Minister of State for Health Bharti Praveen Pawar knowledgeable the Lok...

Jadon Sancho completes $100 million transfer for Manchester United

England winger Jadon Sancho on Friday finalized his transfer to Manchester United by signing a five-year contract with the 13-time Premier League champions. The German...

Recent Comments

%d bloggers like this: