Date:02/06/2006 URL: http://www.thehindu.com/2006/06/02/stories/2006060207620600.htm

Andhra Pradesh

Land value set for sharp increase in A.P.

N. Rahul

HYDERABAD: The market value of land for the purpose of calculating stamp duty and registration fee is set for a steep increase in almost all urban and rural areas of Andhra Pradesh.

There will, however, be no change in the rate of duty and registration, which has been pegged at 9.5 per cent of the land value since July 1 last year. The rate is common to all land transactions in municipal corporation limits, selection and special grade municipalities and gram panchayats.

The Commissioner and Inspector-General of the department, Lal Rosem, told The Hindu that the revision covers all districts, except Guntur and Adilabad where the survey has not yet been completed. The proposals, if approved, would fetch the Government additional revenue of Rs. 300 crore.