Kerala to reduce stamp duty for registration: Minister

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Thiruvananthapuram, Jun 30 (UNI) The Kerala government is planning to reduce stamp duty for registration in the state, Fisheries and Registration Minister S Sarma informed the state Assembly today.

In a written reply to Mr S Abdurahiman Randathani (IUML) and others, he said the stamp duty was the highest in Kerala, compared to other states and the government was planning to reduce it with the introduction of tariff rate.

However, details have not been worked out so far, he added.

As part of making the functioning of Registration Department more effective, the government would introduce the model being followed in Karnataka, he added.

Mr Sarma said the government would take all measures to check fake stamp papers and evasion of tax in registration.

The fair value system would be implemented in the state to check the menace, he added.

UNI CGV GD KK NS1321

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