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    Agricultural Loans - Stamp Duty Exemption

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    Rojy Chandran
    The document summarizes two orders issued by the Governor of Tamil Nadu. The first order amends a previous notification to extend the exemption from stamp duty on agricultural loans granted by commercial banks through hypothecation agreements/guarantee deeds from March 2001 to March 2006. The second order remits registration fees on such hypothecation agreements/guarantee deeds for SC/ST members and loans up to Rs. 10,000 for others, for agriculture and allied activities from April 2001 to March 2006. The Inspector General of Registration is requested to communicate these orders.

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    Agricultural Loans - Stamp Duty Exemption

    Uploaded by

    Rojy Chandran
    700 views2 pages
    The document summarizes two orders issued by the Governor of Tamil Nadu. The first order amends a previous notification to extend the exemption from stamp duty on agricultural loans granted by commercial banks through hypothecation agreements/guarantee deeds from March 2001 to March 2006. The second order remits registration fees on such hypothecation agreements/guarantee deeds for SC/ST members and loans up to Rs. 10,000 for others, for agriculture and allied activities from April 2001 to March 2006. The Inspector General of Registration is requested to communicate these orders.

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    Agricultural Loans- Stamp Duty Exemption

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    The document summarizes two orders issued by the Governor of Tamil Nadu. The first order amends a previous notification to extend the exemption from stamp duty on agricultural loans granted by commercial banks through hypothecation agreements/guarantee deeds from March 2001 to March 2006. The second order remits registration fees on such hypothecation agreements/guarantee deeds for SC/ST members and loans up to Rs. 10,000 for others, for agriculture and allied activities from April 2001 to March 2006. The Inspector General of Registration is requested to communicate these orders.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    700 views2 pages

    Agricultural Loans - Stamp Duty Exemption

    Uploaded by

    Rojy Chandran
    The document summarizes two orders issued by the Governor of Tamil Nadu. The first order amends a previous notification to extend the exemption from stamp duty on agricultural loans granted by commercial banks through hypothecation agreements/guarantee deeds from March 2001 to March 2006. The second order remits registration fees on such hypothecation agreements/guarantee deeds for SC/ST members and loans up to Rs. 10,000 for others, for agriculture and allied activities from April 2001 to March 2006. The Inspector General of Registration is requested to communicate these orders.

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    of 2

    ABSTRACT

    Stamp duty - Agricultural Loans granted by Commercial Bank - Execution of


    Hypothecation Agreements/Guarantee Deeds - Exemption from payment of Stamp duty
    and Registration Fee - Granted - Orders - Issued
    -----------------------------------------------------------------------------------------------------------COMMERCIAL TAXES (J1) DEPARTMENT
    G.O.(3D) No. 30

    Dated the 17th December 2002


    Read :

    1. G.O.(3D)No.40, Commercial Taxes and Religious Endowments Department dated


    7.6.1993
    2. G.O.(3D)No.49, Commercial Taxes and Religious Endowments Department dated
    10.9.1996
    3. G.O.(3D)No.40, Commercial Taxes Department dated 2.9.1998
    4. From the State Level Bankers Committee letter No. TNSLBC/117/SDR/841, dated
    10.3.2001
    5. From the Inspector General of Registration letter No. 20613/C5/2001 dated 27.5.2002
    ****
    ORDER :
    The notification appended to this order will be published in the Tamil Nadu
    Government Gazette.
    The Works Manager, Government Central Press, Chennai is requested to send to
    Government ten copies of the Tamil Nadu Government Gazette in which the notification
    are published.
    (BY ORDER OF THE GOVERNOR0
    SHAKTIKANTA DAS,
    SECRETARY TO GOVERNMENT
    To
    The Inspector General of Registration
    Chennai - 28
    The Works Manager, Government Central Press, Chennai - 79 (for publication of the
    notification in the Tamil Nadu Government Gazette)

    NOTIFICATION
    In exercise of powers conferred by clause (a) of sub-section (i) of section 9 of the
    Indian Stamp Act, 1899 (Central Act II of 1899), the Governor of Tamil Nadu hereby
    makes the following amendment to the Commercial Taxes and Religious Endowments
    Department notification No. 11(2)/CTRE/1990/96, published at page 630 of Part II
    Section 2 of the Tamil Nadu Government Gazette, dated the 25th September 1996 as
    subsequently amended:AMENDMENT
    In the said notification, in the second paragraph for the expression "31st March
    2001" the expression "31st March 2006" shall be substituted.
    NOTIFICATION - II
    In the exercise of powers conferred by Section 78 A of the Registration Act,
    1908,. (Central Act XVI of 1908), the Governor of Tamil Nadu, is of the opinion that it is
    necessary so to do in the public interest, hereby remits the registration fees or search fee
    or fee for obtaining encumbrance certificates payable under the said Act in respect of the
    hypothecation agreements/guarantee deeds for any amount of loan, executed by the
    members of the Scheduled Castes/Scheduled Tribes and for loans upto Rs. 10,000/(Rupees ten thousand only) executed by others in favour of any Commercial Bank for
    any purpose connected with agriculture and other allied activities such as dairying,
    poultry, sheep rearing, fisheries and been keeping.
    (2) The notification shall be deemed to have come into force on the 1st April
    2001 and shall remain in force upto and inclusive of the 31st March 2006.
    SHAKTIKANTA DAS
    SECRETARY TO GOVERNMENT
    /True copy/
    Sd/* Section Officer/17.12.02
    Office of the Inspector General of Registration
    Chennai - 600 028.
    Endt No : 61816/C2/2002

    Dated : 6.1.2003

    Copy of G.O. Communicated.


    for Inspector General of Registration
    To
    All Deputy Inspector General of Registration
    Copy to : All Officers, Office of the Inspector General of Registration

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