Property sale comes down in April

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Mysore, May 14 (UNI) Financial losses to the treasury have been caused by the ongoing elections to the state Legislative assembly from its adverse impact on the functioning of the district administration.

Property sales and registration cases having come down in their number during the period of the election process, it was estimated that Mysore district alone posted a loss of Rs 4.5 crore to the state's exchequer in April.

The dark clouds as it were of the model code of conduct slammed by the Election Commission covering the buying and selling of the property, hardly anybody came forward to buy properties.

The people also feared confiscation of their money drawn from the banks by the personnel deployed on poll duties while taking it from one place to another.

Mysore district accounted for 11,729 cases of documents during April 2007 resulting in remittance of Rs 17,37,06,348 to the state treasury in the form of stamp duty and other revenues.

More income to the government had been anticipated during April 2008, however, only 5348 documents were registered during the last month earning Rs 12,53,28,552 for the government through stamp duties and other revenues.

The functioning of the district administration which was affected during the last one month since, the distirct election office has drawn more then 12,000 government officials for the poll duty. The Deputy Commissioner P Manivannan said that the loss of the works would be made up after the election process is completed.

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