G.O. (Ms) No.157, Pooled Assigned Revenue to Rural Local Bodies for 2024-25
The Rural Development and Panchayat Raj Department issued G.O. (Ms) No.157 on 10 October 2024, sanctioning Rs.1809,48,19,914 as Pooled Assigned Revenue for rural local bodies and priority schemes for 2024-25. It also releases the first instalment of Rs.904,74,09,957, equal to 50 per cent of the total grant, and sets out how the money is to be allocated and managed.
What the document does
G.O. (Ms) No.157, issued by the Rural Development and Panchayat Raj Department on 10 October 2024, sanctions Pooled Assigned Revenue for 2024-25. The pooled revenue comes from Local Cess, Local Cess Surcharge, Surcharge on Stamp Duty and Entertainment Tax, excluding Social Forestry receipts and income from Mines and Minerals.
The total sanctioned amount is Rs.1809,48,19,914. The government also authorises the release of Rs.904,74,09,957 as the first instalment, representing 50 per cent of the total allocation.
How the money is divided
The Rural Development and Panchayat Raj Department allocation is divided as follows:
- Rs.603,16,06,638, equal to one-third of the total, is allocated for release to Village Panchayats and Panchayat Unions.
- Rs.1206,32,13,276, equal to two-thirds of the total, is retained by the Director of Rural Development and Panchayat Raj for the Scheme Component Fund and implementation of specific development schemes in rural areas.
- The one-third share for rural local bodies is divided between Village Panchayats and Panchayat Unions in the ratio of 67:33.
- Distribution to Village Panchayats and Panchayat Unions must use the latest State Finance Commission formula and the multiplier factor given by the Sixth State Finance Commission.
First instalment
G.O. (Ms) No.157 releases the first instalment under two account heads:
- Rs.301,58,03,319 under Surcharge on Stamp Duty for rural local bodies.
- Rs.603,16,06,638 under the Funds for Priority Scheme Component.
- Total first instalment, Rs.904,74,09,957.
The Priority Scheme Component allocation must follow the guidelines in G.O. (Ms) No.60, Finance (SFC-MC) Department, dated 28 February 2023, and G.O. (Ms) No.29, Rural Development and Panchayat Raj (PR-1(2)) Department, dated 16 February 2024.
Who is affected
G.O. (Ms) No.157 directly concerns the Director of Rural Development and Panchayat Raj, Village Panchayats and Panchayat Unions receiving or managing these funds. For property buyers and owners, the document identifies Surcharge on Stamp Duty as one source of pooled revenue, but it does not state any change to stamp duty rates, land ownership, registration requirements or individual property rights.
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 G.O. (Ms) No.157 change stamp duty rates for property purchases?
The document does not state any change to stamp duty rates. It allocates pooled revenue that includes proceeds from Surcharge on Stamp Duty.
How much money is being released immediately?
The first instalment is Rs.904,74,09,957, which is 50 per cent of the total sanctioned amount.
How much goes directly to Village Panchayats and Panchayat Unions?
Rs.603,16,06,638, equal to one-third of the total allocation, is to be released to Village Panchayats and Panchayat Unions. Their shares are divided in the ratio of 67:33 using the latest State Finance Commission formula.
What happens to the remaining two-thirds of the allocation?
Rs.1206,32,13,276 is retained by the Director of Rural Development and Panchayat Raj in the Scheme Component Fund for specific development schemes and priority works in rural areas.
