Stamps dept opens campaign to boost revenue collection

Lucknow: With the financial year nearing its end, the department of stamp and registration has launched a special statewide campaign to boost revenue by fast-tracking the registration of unregistered properties, clearing pending stamp cases and recovering outstanding stamp duties.The department is also surveying stamp rates to update the minimum market value of properties. An official said unregistered properties of development authorities, the Housing Development Council, UPSIDC and other institutions are being registered on a priority basis. The department is also reviewing projects related to development authorities and govt agencies to ensure that the stamp duty is paid on time. In Gautam Budh Nagar, cases related to the Yamuna Industrial Development Authority and the Greater Noida Authority are expected to generate Rs 93 crore. In Meerut, unregistered properties of private builders and the RRTS project are expected to bring in about Rs 252 crore. In Ghaziabad, revenue of about Rs 153 crore is expected from the GDA's Harnandipuram residential scheme and the UPSIDC Modinagar project, while in Bareilly, Rs 50 crore is anticipated from the BDA's Pilibhit residential scheme. "The department prepared special plans to increase revenue, looking at collecting around Rs 200 crore by March-end. In Moradabad, around Rs 22 crore is expected from the MDA's Sahayak and Govindpuram residential schemes. In Varanasi, the VDA's Ganjari Sports City project is expected to generate Rs 40 crore, while in Gorakhpur, Rs 100 crore is anticipated from the GDA's New Township Scheme. Another Rs 50 crore is expected from the GIDA's lease and freehold deeds," the official said. The department is further scrutinising cases related to NHAI toll plazas. Another source of revenue that the department is pursuing is the settlement of legal matters.