G.O.Ms.No.93, Remission of Stamp Duty and Registration Fee on Immovable Property Purchases, 2012
The Commercial Taxes and Registration (J1) Department issued Government Order G.O.Ms.No.93 on 4 July 2012, raising the property value ceiling for exemption from stamp duty and registration fee from Rs.5,000 to Rs.25,000. The order amends the earlier stamp duty notification and registration fee table, and the revised ceiling came into force on 5 July 2012.
What the order does
Government Order G.O.Ms.No.93 of the Commercial Taxes and Registration (J1) Department changes the value ceiling for claiming remission of stamp duty and registration fee on qualifying sale documents. The exemption applies to instruments of sale that transfer immovable property where the market value does not exceed Rs.25,000.
The previous ceiling was Rs.5,000. The revised ceiling came into force on 5 July 2012, when the amendments were to be published in an extraordinary issue of the Tamil Nadu Government Gazette.
Who may be affected
Government Order G.O.Ms.No.93 may affect buyers of immovable property and people presenting qualifying sale instruments for registration where the property's market value does not exceed Rs.25,000.
The source describes the relief by reference to the market value of the immovable property transferred. It does not state that every document connected with property is exempt.
Key provisions
- No stamp duty is payable on a qualifying instrument of sale involving the transfer of immovable property with a market value not exceeding Rs.25,000.
- No registration fee is payable on the same category of qualifying sale instrument.
- The earlier ceiling of Rs.5,000 is replaced with Rs.25,000.
- The revised ceiling took effect on 5 July 2012.
- Registration officers were asked to display the details on office notice boards so that the public could know about and use the exemption.
Amendments made
Government Order G.O.Ms.No.93 contains two notifications. Notification I substitutes Rs.25,000 for Rs.5,000 in the applicable Commercial Taxes Department stamp duty notification. Notification II makes the same substitution in the applicable Table of Fees for registration.
The Government stated that the increase followed an announcement intended to protect poor people from the increase in guideline values. The operative test stated in the order, however, is that the market value of the immovable property transferred by the sale instrument must not exceed Rs.25,000.
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
Is a property sale valued at exactly Rs.25,000 covered by the exemption?
Yes. Government Order G.O.Ms.No.93 applies where the market value of the immovable property does not exceed Rs.25,000.
Does the exemption cover both stamp duty and registration fee?
Yes. The order raises the exemption ceiling to Rs.25,000 for both stamp duty and registration fee on qualifying sale instruments.
When did the higher exemption ceiling take effect?
The revised ceiling came into force on 5 July 2012.
Does the exemption apply to every property document below Rs.25,000?
The source specifically covers instruments of sale involving the transfer of immovable property whose market value does not exceed Rs.25,000. It does not state that every type of property document is covered.
