Tamil Nadu Government Gazette, No. 9, Part II, Section 2, 26 February 2020
The Government of Tamil Nadu published Tamil Nadu Government Gazette No. 9, Part II, Section 2 on 26 February 2020, containing notifications from the Commercial Taxes and Registration Department under G.O. (Rt). No. 35 dated 28 January 2020, G.O. (Rt). No. 55 dated 7 February 2020 and G.O. (Rt). No. 60 dated 11 February 2020, together with Labour and Employment Department dispute referrals. The Commercial Taxes and Registration Department notifications consolidate stamp duty for specified insurers and periods, and amend two earlier Star Health and Allied Insurance Company Limited notifications, while the labour notifications refer identified employment disputes for adjudication.
What the gazette covers
The Tamil Nadu Government Gazette, No. 9, Part II, Section 2, published by the Government of Tamil Nadu on 26 February 2020, is a collection of departmental notifications rather than a land or property measure. The supplied text mainly covers consolidated stamp duty for insurance policies and referrals of employment disputes to industrial tribunals or labour courts.
Insurance policy stamp duty
The Commercial Taxes and Registration Department issued the following notifications under the Indian Stamp Act, 1899:
- G.O. (Rt). No. 35, dated 28 January 2020, consolidates stamp duty of Rs.1,00,000 for insurance policies issued by New India Assurance Company Limited, Divisional Office, Chennai-1, from January 2020 to October 2020.
- G.O. (Rt). No. 60, dated 11 February 2020, consolidates stamp duty of Rs.80,00,000 for policies issued by Cholamandalam MS General Insurance Company Limited, Chennai, from 15 February 2020 to 15 October 2020.
- G.O. (Rt). No. 55, dated 7 February 2020, amends an earlier Star Health and Allied Insurance Company Limited notification by replacing Rs.50,00,000 with Rs.80,00,000.
- G.O. (Rt). No. 55, dated 7 February 2020, also amends another Star Health and Allied Insurance Company Limited notification by replacing 30 November 2019 with 31 March 2020.
These provisions concern the consolidated payment of duty chargeable on insurance policies. They do not set out a stamp duty rate for land sales, conveyances or property registrations.
Employment dispute referrals
The Labour and Employment Department notifications refer disputes involving Kanishk Gold Private Limited, Chemplast Sanmar Limited and several Tamil Nadu State Transport Corporation units to the Chennai Industrial Tribunal or labour courts at Tirunelveli, Tiruchirappalli, Madurai and Coimbatore.
The referred questions include worker benefits, bonus, withheld wage increments, disciplinary penalties and review benefits. The relevant tribunal or labour court is requested to deliver its award within three months after receiving the referral.
Effect on property owners and buyers
The notifications reproduced in the supplied text do not change land ownership, planning controls, building permissions, land classification or property registration requirements. A property buyer or owner is not given any land-related duty or application requirement by these 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 change stamp duty on property purchases?
No property purchase duty is specified. The stamp duty notifications concern consolidated duty on insurance policies issued by named insurance companies.
Which insurers are covered by the stamp duty notifications?
The notifications cover New India Assurance Company Limited, Cholamandalam MS General Insurance Company Limited, and Star Health and Allied Insurance Company Limited.
What changed for Star Health and Allied Insurance Company Limited?
One earlier notification was amended by replacing Rs.50,00,000 with Rs.80,00,000. Another was amended by replacing 30 November 2019 with 31 March 2020.
Do the labour dispute referrals affect landowners generally?
The referrals concern identified employers, transport corporations, workers and trade unions. The supplied text does not impose any land-related requirement on property owners.
