Tuesday, June 25, 2024

Validity of G.O.Ms.No. 74 extended by another year

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The State government has decided to extend the time limit of G.O.Ms.No.74, dated January 28, 2019, for another year from the date of issue, for providing benefits of concessional registration fee and stamp duty to the remaining unregistered 7,210 house plots in Vijayawada.

In this regard, Rajat Bhargava, Special Chief Secretary for the Revenue (Registration) Department, issued G.O.Ms.No.32 on Wednesday.

According to the GO, 6,499 plots in the Vambay scheme and the remaining 711 old plots would be registered under concessional registration fee and stamp duty in Vijayawada city limits.

The GO says to adopt the concessional rate of Rs.100 per square yard for the plot in case of allottee and alliance excluding the full value of structure existing in any, as a special case. It directs that the Commissioner and Inspector General of Registration and Stamps should take necessary action on this matter accordingly.

Earlier, the G.O.Ms.No.1067, dated October 22, 2003, granted exemption from payment of stamp duty, registration fee and transfer duty on the existing houses in the plots allotted by the Vijayawada Municipal Corporation in rehabilitated colonies and also permitted the allottees to register their houses with the concessional rates of stamp duty. Later, the government extended the validity of the GO several times.

Meanwhile, at the request of Vijayawada Central MLA Malladi Vishnu and Municipal Corporation Commissioner Swapnil Dinakar Pundkar, the government has agreed to extend the time limit stipulated in G.O.Ms.No.74 for one year.

Apart from these 7,210 house plots, the State government granted permission to register another 18,000 house sites in Vijayawada and provide the right of sale after the registration. For that, the State government has issued another GO. Around 25,000 beneficiaries would benefit from these two GOs.

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