Tamil Nadu Government Gazette No. 17, Part II, Section 2 (2024)
The Government of Tamil Nadu published Tamil Nadu Government Gazette No. 17, Part II, Section 2 on 24 April 2024, containing notifications from Secretariat departments. The Commercial Taxes and Registration Department, through G.O. (Rt.) No. 214 dated 28 March 2024 and G.O. (Rt.) No. 222 dated 3 April 2024, provides for consolidated stamp duty on insurance policies, while the Home Department, through G.O. (4D) No. 11 dated 15 March 2024, provisionally attaches listed movable properties connected with a defaulting financial establishment in Dharapuram.
What the Gazette contains
Tamil Nadu Government Gazette No. 17, Part II, Section 2, published by the Government of Tamil Nadu on 24 April 2024, contains notifications or orders of interest to sections of the public. The supplied text sets out two consolidated stamp duty notifications and an attachment of movable properties belonging to a defaulting financial establishment.
Consolidated stamp duty for insurance policies
The Commercial Taxes and Registration Department issued the following notifications under the Indian Stamp Act, 1899:
- G.O. (Rt.) No. 214 dated 28 March 2024 provides for payment of consolidated stamp duty of Rs.40,00,000 for insurance policies issued by the Life Insurance Corporation of India, NB Department, Divisional Office, Tirunelveli, for the period from 1 January 2024 to 31 March 2024.
- G.O. (Rt.) No. 222 dated 3 April 2024 provides for payment of consolidated stamp duty of Rs.3,00,000 for insurance policies issued by Oriental Insurance Company Limited, Regional Office, Esplanade, Chennai, for the period from 1 April 2024 to 31 March 2025.
These provisions concern stamp duty payable for the specified insurance policy issues. They do not describe a change to stamp duty on land sales or registrations.
Attachment of movable properties
The Home Department issued G.O. (4D) No. 11 dated 15 March 2024 under the Tamil Nadu Protection of Interests of Depositors (in Financial Establishments) Act, 1997. The Government records that depositors complained that M/s SVR Venkatram Chettiyar Thanga Maligai Jewellers, Dharapuram, Tiruppur District, failed to return deposits after maturity and was unlikely to repay them.
Key provisions include:
- An ad-interim attachment of movable properties listed in the schedule.
- Transfer of control over those properties to the Competent Authority and District Revenue Officer, Tiruppur District.
- A direction to pursue further action under the applicable procedure.
- A request for assistance from the Special Public Prosecutor at the Special Court in Coimbatore.
The schedule identifies silver idols, ornaments, anklets, rings, silver bars and precious stones in the name of Hari Hara Jaganathan. The silver property table records 96 items weighing 16,507.32 grams, with a stated total value of Rs.6,49,718.
Relevance to property transactions
G.O. (4D) No. 11 dated 15 March 2024 attaches listed movable assets only. The supplied text does not identify or attach any land or building.
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 attach any land in Dharapuram or Tiruppur District?
No land or building is identified in the supplied text. G.O. (4D) No. 11 dated 15 March 2024 attaches only the movable properties listed in its schedule.
Who controls the attached assets of the defaulting financial establishment?
Control is transferred to the Competent Authority and District Revenue Officer, Tiruppur District, who is requested to pursue further action under the applicable procedure.
Does the insurance stamp duty notification change stamp duty on property registrations?
The supplied notifications concern consolidated stamp duty for insurance policies issued by specified insurance offices. They do not state any change to stamp duty on land sales or property registrations.
Why were the jeweller's movable properties attached?
The Government recorded complaints that M/s SVR Venkatram Chettiyar Thanga Maligai Jewellers had defaulted on returning deposits after maturity. It also stated that the establishment was unlikely to return the deposits and that the listed assets were alleged to have been obtained from those deposits.
