UP Govt Launches OTS Scheme to Resolve 1,400 Stamp Duty Cases
28 Jan 2025
2 Min Read
CW Team
The government has introduced a one-time settlement scheme aimed at resolving pending stamp duty cases by requiring the payment of a fine of Rs 100, along with the difference in stamp duty, interest, and other outstanding dues.
There are currently 1,400 stamp duty cases pending across four courts in the district. The scheme seeks to expedite the resolution of these cases while also boosting state revenue.
The scheme, launched on January 1, involves sub-registrars tracking undervalued title deeds to identify cases where the appropriate stamp duty has not been paid. When this happens, notices are sent to the landowners. If the amount remains unpaid, the case enters litigation, which delays its resolution and increases the interest on the unpaid stamp duty.
In GB Nagar, 1,400 such cases are pending in two AIG courts, the ADM, and DM courts. Property owners can now settle their cases by paying a nominal penalty of Rs 100, along with the outstanding stamp duty, interest, and other dues. Previously, penalties for such cases could be as high as four times the deficient amount. The new scheme offers relief from these heavy fines and delays in justice while accelerating state revenue recovery.
The scheme will remain effective until March 31. The last implementation of the OTS scheme was two years ago, settling only a few cases. However, this time, the goal is to resolve all 1,400 cases currently under litigation.
News source: ET Realty
The government has introduced a one-time settlement scheme aimed at resolving pending stamp duty cases by requiring the payment of a fine of Rs 100, along with the difference in stamp duty, interest, and other outstanding dues.
There are currently 1,400 stamp duty cases pending across four courts in the district. The scheme seeks to expedite the resolution of these cases while also boosting state revenue.
The scheme, launched on January 1, involves sub-registrars tracking undervalued title deeds to identify cases where the appropriate stamp duty has not been paid. When this happens, notices are sent to the landowners. If the amount remains unpaid, the case enters litigation, which delays its resolution and increases the interest on the unpaid stamp duty.
In GB Nagar, 1,400 such cases are pending in two AIG courts, the ADM, and DM courts. Property owners can now settle their cases by paying a nominal penalty of Rs 100, along with the outstanding stamp duty, interest, and other dues. Previously, penalties for such cases could be as high as four times the deficient amount. The new scheme offers relief from these heavy fines and delays in justice while accelerating state revenue recovery.
The scheme will remain effective until March 31. The last implementation of the OTS scheme was two years ago, settling only a few cases. However, this time, the goal is to resolve all 1,400 cases currently under litigation.
News source: ET Realty
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