Notifications under the Indian Stamp Act and other Government notifications
The Government of Tamil Nadu published these notifications in the Tamil Nadu Government Gazette, Part II, Section 2, dated August 7, 2019. For property readers, the relevant part is from the Commercial Taxes and Registration Department, which fixes consolidated stamp duty amounts for certain insurance companies and offices under the Indian Stamp Act, and also amends one earlier notification.
What this gazette contains
The Tamil Nadu Government Gazette, Part II, Section 2, dated August 7, 2019, carries notifications from several Secretariat Departments. These include the Commercial Taxes and Registration Department, the Higher Education Department, the Home, Prohibition and Excise Department, and the Labour and Employment Department.
For most property buyers and owners, the part most likely to matter is the set of notifications under the Indian Stamp Act, 1899, issued by the Commercial Taxes and Registration Department.
What the Commercial Taxes and Registration Department notifications do
The Commercial Taxes and Registration Department, through G.O. (Rt) No. 363 dated 6th July 2019, G.O. (Rt) No. 365 dated 6th July 2019, G.O. (Rt) No. 369 dated 10th July 2019, G.O. (Rt) No. 372 dated 11th July 2019, G.O. (Rt) No. 373 dated 11th July 2019, G.O. (Rt) No. 374 dated 11th July 2019, G.O. (Rt) No. 386 dated 17th July 2019, G.O. (Rt.) No. 397 dated 22nd July 2019, G.O. (Rt.) No. 398 dated 22nd July 2019, G.O. (Rt.) No. 364 dated 6th July 2019, G.O. (Rt.) No. 385 dated 17th July 2019, and G.O. (Rt.) No. 366 dated 6th July 2019, provides for consolidation of stamp duty chargeable on insurance policies issued by specified insurance offices for specified periods.
Key points from these notifications:
- They apply to policies issued by New India Assurance Company Limited, Life Insurance Corporation of India, and United India Insurance Company Limited.
- They cover specific offices such as Chennai-2, Chennai-18, Chennai-45, Chennai-6, Vellore, Arakkonam, Tiruvallur, and Madurai.
- Some notifications also cover named micro offices under the Kanchipuram Divisional Office.
- Each notification states a fixed consolidated duty amount and the period for which it applies.
Amendment published in the gazette
The Commercial Taxes and Registration Department also issued G.O. (Rt.) No. 367 dated 6th July 2019, which amends Notification No. II(2)/CTR/276/2019 published in Tamil Nadu Government Gazette No. 14 dated 3-4-2019.
The amendment substitutes the expression "Rs. 2,00,000/- (Rupees two Lakh only)" with "Rs. 2,75,000/- (Rupees two lakh and seventy five thousand only)".
Who is affected
These notifications mainly affect:
- Insurance companies and their specified offices.
- People or businesses taking policies from those offices during the stated periods.
- Professionals who check stamp duty treatment for insurance instruments.
For ordinary land or house buyers, these notifications do not set stamp duty for sale deeds, gift deeds, settlement deeds, or registration of property transfers. The source text only deals with consolidated duty on issue of insurance policies, plus unrelated notifications on university nominations, prohibition, and labour matters.
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 stamp duty for property sale or registration documents?
The source text does not say that. The Commercial Taxes and Registration Department notifications here deal with consolidated duty on insurance policies issued by specified insurance offices.
Which insurance companies are covered in these stamp duty notifications?
The source text names New India Assurance Company Limited, Life Insurance Corporation of India, and United India Insurance Company Limited.
Is there any amendment to an earlier notification in this gazette?
Yes. Commercial Taxes and Registration Department G.O. (Rt.) No. 367 dated 6th July 2019 amends Notification No. II(2)/CTR/276/2019 published in Tamil Nadu Government Gazette No. 14 dated 3-4-2019 by substituting one consolidated duty amount with a higher amount.
Does this gazette include anything apart from stamp duty notifications?
Yes. The source text also includes a Higher Education Department notification nominating members to the Syndicate of the University of Madras, a Home, Prohibition and Excise Department amendment under the Tamil Nadu Prohibition Act, and a Labour and Employment Department notification.
