Tamil Nadu Government Gazette, No. 16, Part II, Section 2 (16 II 2 v3)
The Government of Tamil Nadu published these Commercial Taxes and Registration Department and Labour and Employment Department notifications on 17th April 2019. Commercial Taxes and Registration Department G.O. (Rt.) Nos. 143, 163, 165, 166, 168, 171, 172, 173, 181, 182, 183, 190 and 191, dated between 18th March 2019 and 3rd April 2019, consolidate stamp duty for insurance policies and amend the end dates of three earlier notifications. Labour and Employment Department G.O. (D) Nos. 149 and 175, dated 8th March 2019 and 25th March 2019, refer specified industrial disputes to Labour Courts, and the supplied text does not change land ownership, land use or property registration requirements.
What the Gazette covers
The Tamil Nadu Government Gazette, No. 16, Part II, Section 2 contains notifications of interest to sections of the public. The supplied pages mainly cover consolidated stamp duty for insurance policies and referrals of industrial disputes to Labour Courts.
The document does not state any change to land classification, land ownership, planning permission or property registration procedures.
Consolidated stamp duty for insurance policies
The Commercial Taxes and Registration Department notifications provide for consolidated duty under the Indian Stamp Act, 1899 for policies issued through specified insurance offices and periods.
Key provisions include:
- Oriental Insurance Company Limited branches in Tamil Nadu, Rs.25,00,000 for 1st April 2019 to 31st March 2020.
- Life Insurance Corporation of India offices at Sellur, Madurai, Thanjavur and the Pension and Group Schemes Unit at Tirunelveli, with consolidated duties of Rs.28,00,000, Rs.31,00,000 and Rs.10,00,000 for the stated periods.
- Life Insurance Corporation of India, Vellore Divisional Office, Rs.21,00,000 for 1st April 2019 to 30th June 2019.
- Cholamandalam MS General Insurance Company Limited, Chennai, Rs.80,00,000 for 1st April 2019 to 30th September 2019.
- New India Assurance Company Limited offices in Chennai, including Porur, with consolidated duties of Rs.1,00,000, Rs.50,000 or Rs.20,000 for the periods specified for each office.
Amendments to earlier notifications
Commercial Taxes and Registration Department G.O. (Rt.) No. 163, dated 25th March 2019, substitutes 30th September 2019 for 31st March 2019 in Notification No.II(2)/CTR/1014/2018.
Commercial Taxes and Registration Department G.O. (Rt.) No. 166, dated 26th March 2019, substitutes 30th June 2019 for 31st March 2019 in Notification No.II(2)/CTR/217/2018. Commercial Taxes and Registration Department G.O. (Rt.) No. 183, dated 2nd April 2019, substitutes 31st December 2019 for 31st March 2019 in Notification No.II(2)/CTR/936/2018.
Who may be affected
The insurance companies and named offices are directly affected by the consolidated stamp duty arrangements. Labour and Employment Department G.O. (D) Nos. 149 and 175 refer specified disputes involving workers, managements and trade unions to the Labour Courts at Cuddalore and Tirunelveli.
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 change my land title or property registration requirements?
The supplied text does not state any change to land title, land use, planning permission or property registration requirements. Its stamp duty notifications concern insurance policies issued by named insurers.
Is the consolidated stamp duty payable by every property buyer?
The notifications apply to insurance policies issued through the named insurance companies and offices for specified periods. The supplied text does not impose these consolidated amounts on property buyers.
Which earlier insurance notifications were amended?
Notifications No.II(2)/CTR/1014/2018, No.II(2)/CTR/217/2018 and No.II(2)/CTR/936/2018 were amended by replacing their stated end dates.
What do the Labour and Employment Department notifications do?
Labour and Employment Department G.O. (D) Nos. 149 and 175 refer specified industrial disputes to the Labour Courts at Cuddalore and Tirunelveli for adjudication.
