RE: [tiemachennai] Re: Update on SIDCO land value for registrtion purpose
a...@vsnl.com
the SIDCO CMD indicated - 2 weeks. That would be nice.
JP
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Original Message:
-----------------
From: thiaga...@vsnl.net
Date: Thu, 10 Apr 2008 07:48:32 +0500
To: tiemac...@googlegroups.com
Subject: [tiemachennai] Re: Update on SIDCO land value for
registrtion purpose
Mr Jayaprakash,
Thanks for your efforts in reudcing the stamp duty. It will be great releif
to Sidco Industry.
Countiue you good work.
Regards
Thiagarajan
Metal finishers.
----- Original Message -----
From: zelos_new <ze...@airtelmail.in>
Date: Wednesday, April 9, 2008 11:29 am
Subject: [tiemachennai] Update on SIDCO land value for registrtion purpose
To: tiemac...@googlegroups.com
> April 9, 2008
>
> Value of SIDCO allotted land for registration purpose and
>
> rebate on Stamp duty & Registration
>
> Background: You may recall our discussion on the above subject in our
> committee meeting dated 29-3-2008. The Registration department is now
> registering SIDCO allotted plots at Rs. 200 per sq. ft. My enquiry
> revealedthat the Inspector General of Registration, Govt. of TN,
> had sent a
> communication to Sub Registrars to register SIDCO allotted land at
> marketvalue. Such a communication needs to be supported by a G.O.
> but the
> government had apparently not issued any G.O. in this regard. I
> mentioned in
> the meeting that the communication from IG of Registration seemed
> unfair, as
> original allottees are now required to pay 6.2 times of what they
> ought to
> pay.
>
> UPDATE:
>
> In my individual capacity, I therefore represented to the CMD of
> SIDCO to
> clarify the issue. He agreed to look in to the matter and we
> agreed to meet
> again. During yesterday's meeting, the CMD informed me that he had
> discussedthe issue with the IG of Registration and it was decided
> to set right the
> situation. Accordingly the CMD of SIDCO has initiated a note to
> clarify the
> issue and arrange for a G.O. to be issued by the Commercial Taxes
> departmentin this regard. He expects the G.O. to be issued in
> about a couple of weeks
> rectifying the predicament faced by us.
>
> He informed that SIDCO allottees can avail of 50% rebate on Stamp
> duty AND
> Registration fees, as mentioned in the recently released MSME
> policy of G O
> TN. Thus the applicable Stamp Duty will be 50% of 8% i.e., 4%, and
> Registration fee will be 50% of 1% i.e., 0.5% and the total 4.5%
> of value of
> land allotted by SIDCO.
>
> Original allottees who are proposing to register their land may
> thereforefind it wise to wait for a short period and save on the
> Stamp Duty and
> Registration Fee.
>
> I think we have a very responsive CMD in SIDCO and he must be thanked
> specially for redressing our grievance so expeditiously.
>
> Question to original allottees who have completed their land
> registration
> Is the land value for calculating stamp duty and registration reckoned
> excluding service charge levied by SIDCO at the time of allotment?
>
> Jayaprakash A.
>
>
>
>
>
>
>
>
>
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