Rs 100 cr revenue expected from Roshni scheme by the yr end

Jammu, Apr 20 (UNI) The Roshni scheme, implemented in the state as a tool of resource mobilisation, is expected to generate a revenue of Rs 100 crore by conferring proprietary rights to the occupants of the state and Nazool land, at the end of the current fiscal year, official sources said here.

A sum of Rs 8.80 crore have been deposited by the occupants of the Nazool land in Srinagar for 16 cases approved by the revenue department while 23 cases worth Rs 22 crore are under process in the office of the Divisional Commissioner of Kashmir, a meeting to review the scheme said.

The meeting also reviewed the rationalisation of the stamp duty in the state adding that with the decrease of stamp duty for sale and purchase of land property, both in urban as well as rural areas, will bring more revenue to the state exchequer.

Addressing the meeting Chief Secretary Vijay Bakaya asked the Divisional Commissioner of Jammu and Kashmir to notify the value of the land and property in urban and rural areas on annual basis to avoid undervalued and over valued trends in the open market and ensure legalisation of the sale deeds through registrations after proper deposition of stamp duties by the parties.

He also directed the revenue authorities to expedite the disposal of cases under roshni scheme .

Financial commissioner(Revenue) S V Bhave, Commissioner Secretary (Law) Akhter Hussain Kochak, Commissioner Secretary (Finance) B B Vyas, Divisional Commissioner Kashmir Bhasharat Ahmad Dar were also present at the meeting.

UNI RKS CS VC1307