Notifications under the Indian Stamp Act and land acquisition notice
The Tamil Nadu Government Gazette, Part II, Section 2, dated 19 September 2018, published notifications from the Commercial Taxes and Registration Department and the Highways and Minor Ports Department. The Gazette fixes consolidated stamp duty amounts for certain insurance policies and fresh share certificates, amends some earlier stamp duty notifications, and publishes a land acquisition notice for a by-pass road to Tiruchengode Town in Namakkal District.
What this Gazette contains
The Tamil Nadu Government Gazette, Part II, Section 2, dated 19 September 2018, carries multiple notifications issued by the Commercial Taxes and Registration Department and the Highways and Minor Ports Department.
For property owners and buyers, the most directly relevant part is the land acquisition notice for a by-pass road to Tiruchengode Town in Namakkal District. The stamp duty notifications mainly affect insurance companies, the Life Insurance Corporation of India, and Karur Vysya Bank.
Stamp duty notifications
The Commercial Taxes and Registration Department published notifications under the Indian Stamp Act, 1899 for consolidation of duty on issue of policies and fresh share certificates.
Key points published in the Gazette are:
- G.O. (Rt.) No. 359, Commercial Taxes and Registration (J1), dated 30th July 2018, fixes consolidated duty for Star Health and Allied Insurance Company Limited, Chennai, for the period from 1st July 2018 to 31st December 2018.
- G.O. (Rt.) No. 312, Commercial Taxes and Registration (J1), dated 4th July 2018, amends an earlier notification for Star Health and Allied Insurance Company Limited by substituting the date 30th June 2018 in place of 31st May 2018.
- G.O. (Rt.) No. 344, Commercial Taxes and Registration (J1), dated 18th July 2018, fixes consolidated duty for New India Assurance Company Limited through listed divisional, branch and micro offices for the period from 1st July 2018 to 30th June 2019.
- G.O. (Rt.) No. 367, Commercial Taxes and Registration (J1), dated 2nd August 2018, fixes consolidated duty for New India Assurance Company Limited, Chennai, for the period from 23rd May 2018 to 31st March 2019.
- G.O. (Rt.) No. 384, Commercial Taxes and Registration (J1), dated 14th August 2018, fixes consolidated duty for New India Assurance Company Limited, Branch Office No. 712301, Chennai, for the period from 1st July 2018 to 31st March 2019.
- G.O. (Rt.) No. 357, Commercial Taxes and Registration (J1), dated 27th July 2018, amends an earlier notification for New India Assurance Company Limited by substituting the date 31st July 2018 in place of 28th February 2018.
- G.O. (Rt.) No. 419, Commercial Taxes and Registration (J1), dated 5th September 2018, amends an earlier notification for New India Assurance Company Limited by substituting the date 31st October 2018 in place of 31st July 2018.
- Further notifications cover Cholamandalam MS General Insurance Company Limited, National Insurance Company Limited, Life Insurance Corporation of India, and Karur Vysya Bank, Chennai.
Land acquisition in Namakkal District
The Highways and Minor Ports Department published G.O. (2D) No. 50, Highways & Minor Ports (HQ2), dated 23rd August 2018.
The Gazette states that the Governor of Tamil Nadu is satisfied that the scheduled lands must be acquired for highways purpose, namely formation of a by-pass road to Tiruchengode Town in Namakkal District. It also states that compensation is to be paid from funds controlled or managed by the Chief Engineer (NABARD & Rural Roads), Highways Department, Chennai-25.
Key points are:
- The notice is published under sub-section (1) of Section 15 of the Tamil Nadu Highways Act, 2001.
- The land acquired is measured as 3.39.78 hectare of Ryotwari dry lands.
- The plan of the lands is kept in the office of the District Collector, Namakkal, and may be inspected during office hours.
- The extract shown in the Gazette covers land in Namakkal District, Tiruchengode Taluk, 47. Mandagapalayam Village.
- The schedule lists survey subdivisions, owners' names, boundaries, extent, and structures or trees on the land.
Who should pay attention
This Gazette matters to:
- landowners and interested persons in the scheduled lands at Mandagapalayam Village, Tiruchengode Taluk,
- buyers checking whether land in that area is under acquisition,
- insurance and financial entities named in the stamp duty notifications,
- anyone relying on the amended validity periods in the earlier stamp duty notifications.
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 landowners?
Yes. The Highways and Minor Ports Department published a notice acquiring scheduled lands for formation of a by-pass road to Tiruchengode Town in Namakkal District.
Which area is named in the land acquisition notice?
The extract shown names Namakkal District, Tiruchengode Taluk, 47. Mandagapalayam Village. It says the land plan can be inspected at the office of the District Collector, Namakkal.
Are any earlier stamp duty notifications changed in this Gazette?
Yes. The Gazette includes amendments that substitute dates in earlier notifications for Star Health and Allied Insurance Company Limited and New India Assurance Company Limited.
Does this Gazette set consolidated stamp duty for insurance policies?
Yes. The Commercial Taxes and Registration Department fixed consolidated duty for policies issued by entities including Star Health and Allied Insurance Company Limited, New India Assurance Company Limited, Cholamandalam MS General Insurance Company Limited, National Insurance Company Limited, and Life Insurance Corporation of India.
