Indian Stamp Act notifications and Highways land acquisition notice
The Tamil Nadu Government Gazette, Part II, Section 2, dated April 3, 2019, published notifications of the Commercial Taxes and Registration Department under the Indian Stamp Act, 1899, and a land acquisition notice of the Highways and Minor Ports Department under the Tamil Nadu Highways Act, 2001. It fixes or amends consolidated stamp duty amounts for specified insurance policies and debentures, and it also announces acquisition of specified lands in Namakkal District for development of the Tiruchengode to Namakkal State Highways road into four lanes.
What this gazette contains
The Tamil Nadu Government Gazette, Part II, Section 2, dated April 3, 2019, carries two kinds of public-facing notifications relevant here.
- Notifications of the Commercial Taxes and Registration Department under the Indian Stamp Act, 1899.
- A notification of the Highways and Minor Ports Department for land acquisition under the Tamil Nadu Highways Act, 2001.
Stamp duty consolidation notifications
The Commercial Taxes and Registration Department published several notifications, each issued in the name of the Governor of Tamil Nadu, to provide for consolidation of stamp duty for specific issuers and periods.
These include:
- G.O. (Rt.) No.95, Commercial Taxes and Registration (J1), dated 20th February 2019, for issue of insurance policies by Life Insurance Corporation of India through its P and GS Department, Chennai, for the period from 6th February 2019 to 31st December 2020.
- G.O. (Rt.) No.101, Commercial Taxes and Registration (J1), dated 26th February 2019, for issue of policies by United India Insurance Company Limited through its Regional Office, Coimbatore, for the period from 01-04-2019 to 31-3-2020.
- G.O. (Rt.) No.133, Commercial Taxes and Registration (J1), dated 11th March 2019, for issue of Q Series Non-Convertible Redeemable Debentures for Rs.15.00 crores on private placement basis to the general public by Newlink Overseas Finance Limited, Chennai.
Amendments to earlier stamp duty notifications
The gazette also amends earlier notifications. These amendments mainly do two things:
- extend the period mentioned in the earlier notification, and
- substitute a revised consolidated duty amount.
Examples published here include amendments relating to:
- United India Insurance Company Limited through its Corporate Cell, Chennai, by G.O.(Rt.) No.96, dated 21st February 2019.
- Star Health and Allied Insurance Company Limited, Chennai, by G.O.(Rt.) No.104, dated 27th February 2019.
- Cholamandalam MS General Insurance Company Limited, Chennai, by G.O. (Rt.) No.105, dated 27th February 2019.
- New India Assurance Company Limited through its Large Corporate and Broker Office, Chennai-2, by G.O. (Rt.) No.106, dated 27th February 2019.
- New India Assurance Company Limited through its Regional Office, Madurai, by G.O. (Rt.) No.134, dated 11th March 2019.
- National Insurance Company Limited through its branches in the Madurai Region, by G.O. (Rt.) No.135, dated 11th March 2019.
Land acquisition in Namakkal District
G.O. (2D) No.11, Highways and Minor Ports (HQ2), dated 21st February 2019, states that the Governor of Tamil Nadu is satisfied that specified lands must be acquired for highways purpose, namely development of the Tiruchengode to Namakkal State Highways road to four laning in Namakkal District.
Key points from the notice:
- The compensation is to be paid from funds controlled or managed by the Chief Engineer (Construction and Maintenance), Highways Department, Chennai-25.
- The notice is published under sub-section (1) of Section 15 of the Tamil Nadu Highways Act, 2001.
- The lands specified in the schedule measure 675.5 square metres in total.
- The lands are in Namakkal District, Namakkal Taluk, 52. Agrahara Ayyampalayam Village.
- The land plan is kept in the office of the District Collector, Namakkal, and may be inspected during office hours.
If you own or deal with land in the listed survey numbers, this gazette directly affects you.
This summary is generated from the source document to help you find what is relevant. The PDF above is authoritative. For advice on your own property, use LandLens One or speak to a qualified professional.
Common questions
Does this gazette include any land acquisition affecting private owners in Namakkal?
Yes. The Highways and Minor Ports Department published a notice acquiring specified lands in Namakkal District, Namakkal Taluk, 52. Agrahara Ayyampalayam Village for development of the Tiruchengode to Namakkal State Highways road to four laning.
Can I inspect the land acquisition plan for the Namakkal lands?
Yes. The notice says the plan of the lands is kept in the office of the District Collector, Namakkal and may be inspected at any time during office hours.
Are any earlier stamp duty notifications changed by this gazette?
Yes. The Commercial Taxes and Registration Department published amendments to earlier notifications for several insurers, including United India Insurance Company Limited, Star Health and Allied Insurance Company Limited, Cholamandalam MS General Insurance Company Limited, New India Assurance Company Limited, and National Insurance Company Limited.
Does this gazette set consolidated stamp duty for insurance policies and debentures?
Yes. It provides consolidated duty for issue of insurance policies by named insurers and for issue of Q Series Non-Convertible Redeemable Debentures by Newlink Overseas Finance Limited, Chennai.
