Tamil Nadu Government Gazette, Part II, Section 2, No. 34 (34 II 2 v3)
The Government of Tamil Nadu published Tamil Nadu Government Gazette, Part II, Section 2, No. 34 on 21 August 2019, containing notifications and orders from several Secretariat departments. For property readers, the Home Department, through G.O. Ms. No. 385 dated 26 July 2019, provisionally attaches a property connected with Messers SAPL Realty Corporation Limited, while the Commercial Taxes and Registration Department, through G.O. Ms. No. 110 dated 6 August 2019, remits stamp duty on a specified registered lease deed.
What the gazette contains
Tamil Nadu Government Gazette, Part II, Section 2, No. 34 contains separate government notifications concerning stamp duty, attachment of immovable property, public procurement, appointments, insurance policy duties, corruption cases and the fertiliser industry. It does not announce a general change affecting every property in Tamil Nadu.
Attachment of property in Krishnagiri
The Home Department issued G.O. Ms. No. 385 dated 26 July 2019 under the Tamil Nadu Protection of Interests of Depositors (in Financial Establishments) Act, 1997. The Government acted after complaints that Messers SAPL Realty Corporation Limited, Krishnagiri District had failed to return deposits after maturity.
Key provisions are:
- An ad-interim attachment applies to immovable property standing in the name of Tmt. S. Sarala, a director of Messers SAPL Realty Corporation Limited.
- The property is in Kattikanapalli Village, Krishnagiri District, in old Survey Field No. 354/7 and new Survey Field No. 354/10, under Document No. 2965/2012.
- It comprises 2,700 square feet with an existing concrete house, including a ground floor of 132.78 square metres and first floor of 81.92 square metres.
- The stated total value is Rs. 44,45,408.
- Control is transferred to the Competent Authority and District Revenue Officer, Krishnagiri District, for further action.
The attachment directly affects dealings involving the listed property.
Stamp duty remission for a lease
The Commercial Taxes and Registration Department issued G.O. Ms. No. 110 dated 6 August 2019 under the Indian Stamp Act, 1899. It remits the duty chargeable on the lease deed executed between M/s. Faery Estates Private Limited and the International Bank for Reconstruction and Development, registered as Document No. 5877/2015 at the Neelangarai Sub-Registrar Office.
The remission is deemed to have taken effect on 27 July 2015. It is limited to that identified lease deed and is not a general stamp duty exemption for other leases or property transactions.
Other notifications
The gazette also consolidates duties for specified insurance policy issues, notifies a police procurement, makes appointments to public bodies, assigns certain corruption cases to a special judge and begins a notification concerning declaration of the fertiliser industry as a public utility service.
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 the Krishnagiri attachment apply to every property owned by SAPL Realty Corporation Limited?
No. G.O. Ms. No. 385 dated 26 July 2019 identifies one immovable property standing in the name of Tmt. S. Sarala in Kattikanapalli Village, Krishnagiri District.
Who controls the attached Krishnagiri property?
Control is transferred to the Competent Authority and District Revenue Officer, Krishnagiri District, who is directed to pursue further action under the applicable procedure.
Is the Neelangarai lease stamp duty remission available for other leases?
No. G.O. Ms. No. 110 dated 6 August 2019 applies specifically to Document No. 5877/2015, executed between M/s. Faery Estates Private Limited and the International Bank for Reconstruction and Development.
When did the lease deed stamp duty remission take effect?
The Commercial Taxes and Registration Department notification states that the remission is deemed to have come into force on 27 July 2015.
