Tamil Nadu Government Gazette No. 6, Part II, Section 2
The Government of Tamil Nadu published Tamil Nadu Government Gazette No. 6, Part II, Section 2 on 7 February 2024, carrying notifications from the Commercial Taxes and Registration Department under G.O. (Ms.) No. 14 dated 11 January 2024, G.O. (Rt.) No. 505 dated 20 December 2023, G.O. (Rt.) No. 3 dated 5 January 2024 and G.O. (Rt.) No. 9 dated 10 January 2024, and from the Home Department under G.O. (Ms.) Nos. 49 and 51 dated 12 January 2024. It exempts a specific Madurai court-building lease from stamp duty and registration fee, provides or amends consolidated stamp duty arrangements for named insurers, and announces Pongal 2024 medals and allowances for named fire service and prison staff. The Life Insurance Corporation of India notification published on 5 April 2023 is amended by increasing its consolidated stamp duty and extending its covered period.
Property and registration impact
The Commercial Taxes and Registration Department notifications under G.O. (Ms.) No. 14 dated 11 January 2024 apply to a specific lease between Thakkar, Arulmigu Kothanda Ramasamy Temple, Y. Othakadai, Madurai, as lessor, and the Registrar General of the High Court of Madras, as lessee.
Key provisions are:
- Stamp duty is remitted for the lease instrument.
- The registration fee for the same lease instrument is also remitted in the public interest.
- The lease covers 6.51 acres at Narasingam 4th Bit Village, Madurai East Taluk, Madurai District, in survey numbers 159 and 160.
- The land is to be used for setting up court buildings.
- Both remissions are deemed to have come into force on 27 August 2023.
These remissions are limited to the identified lease. The Gazette does not create a general stamp duty or registration fee exemption for other temple land, court leases or private property transactions.
Insurance policy stamp duty
The Commercial Taxes and Registration Department notification under G.O. (Rt.) No. 505 dated 20 December 2023 provides for consolidated stamp duty of Rs.80,00,000 for insurance policies issued by Cholamandalam MS General Insurance Company Limited, Chennai, from 1 December 2023 to 31 March 2024.
The Commercial Taxes and Registration Department notification under G.O. (Rt.) No. 3 dated 5 January 2024 amends an earlier notification concerning the Life Insurance Corporation of India. It substitutes Rs.1,10,00,000 for Rs.80,00,000 and substitutes 30 September 2024 for 31 March 2024.
The Commercial Taxes and Registration Department notification under G.O. (Rt.) No. 9 dated 10 January 2024 provides consolidated stamp duty of Rs.50,00,000 for policies issued by the Life Insurance Corporation of India, New Business Department, Salem, from 1 October 2023 to 31 December 2023.
Pongal service medals
The Home Department notifications under G.O. (Ms.) Nos. 49 and 51 dated 12 January 2024 award Pongal 2024 medals to named members of the Tamil Nadu Fire and Rescue Services Department and the Prisons and Correctional Services Department.
- Fire Service Medal recipients are eligible for a monthly allowance of Rs.400 each from 1 February 2024.
- Prison Medal for Good Service recipients are also eligible for a monthly allowance of Rs.400 each.
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Common questions
Does the stamp duty exemption apply to my property purchase in Madurai?
No general exemption is provided. The remission applies only to the identified 6.51-acre lease between the temple and the Registrar General of the High Court of Madras for court buildings.
Which survey numbers are covered by the court-building lease?
The lease covers land in survey numbers 159 and 160 at Narasingam 4th Bit Village, Madurai East Taluk, Madurai District.
Are both stamp duty and registration fee waived for the identified lease?
Yes. Separate notifications remit the stamp duty and the registration fee for the specified lease, both with effect from 27 August 2023.
Does the Gazette change an earlier Life Insurance Corporation of India stamp duty notification?
Yes. It replaces Rs.80,00,000 with Rs.1,10,00,000 and replaces 31 March 2024 with 30 September 2024 in the notification published on 5 April 2023.
