Offices of District Registrar and sub-registrars have collected Rs. 10.07 crore
Rs. 8.61 crore was collected as registration fee and stamp duty for registration of property Target for the current year is yet to be fixed
Madikeri: Kodagu district has surpassed the target fixed for revenue from stamps and registrations for 2005-06 by crossing the Rs. 10-crore mark.
As against the target of Rs. 9.9 crore set by the Government, the office of the District Registrar and offices of the sub-registrars have collected Rs. 10.07 crore.
A sum of Rs. 8.61crore was collected as registration fee and stamp duty for registration of property against the target of Rs. 8 crore, District Registrar and Deputy Commissioner (Stamps) K.N. Uthaiah said. Collections were made in the District Registrar's office here and the offices of the sub-registrars in Madikeri, Virajpet, Ponnampet and Somwarpet.
Stamp duty accounted for the major collection. During 2005-06, 5,256 documents, including those relating to property, were registered. A sum of Rs. 9.06 crore was collected as stamp duty while Rs. 1.01 crore came in the form of registration fees, Mr. Uthaiah said. In 2004-05, 5,780 documents were registered. A sum of Rs. 7.74 crore was collected as stamp duty and Rs. 87.50 lakh as registration fee.
In March last, 513 documents were registered in the district, of which 204 were in Somwarpet, 115 in Madikeri, 97 in Virajpet, 92 in Ponnampet and five in the District Registrar's office here. Stamp duty worth Rs. 94.79 lakh was collected and registration fee of Rs. 11.19 lakh was realised, Mr. Uthaiah said. The target for the current year is yet to be fixed, he added.
There was an apprehension among the people in Kodagu last year when the State Government passed an order asking those intending to register property to produce conversion certificates. Sensing the problems it created, the Government exempted Kodagu district from the stipulation. The order of the Government to produce conversion certificates came out on April 23, 2005.
It was received at the District Registrar's office on May 10, 2005. It created confusion among the people and registrations came to a halt.
However, following the exemption from the order on August 23, registrations picked up in the district.