Moga, November 12
The Revenue department has begun investigation into a alleged scam of evasion of stamp duty and registration fee on sale of immovable property on powers of attorney and due to non-registration of agreements for sale, which came to light in audit reports in the Moga district.
The Revenue department has begun investigation into a alleged scam of evasion of stamp duty and registration fee on sale of immovable property on powers of attorney and due to non-registration of agreements for sale, which came to light in audit reports in the Moga district.
The director of land records of the revenue department based at Jalandhar has issued notices dated October 31 to many deed writers and some officials of the revenue department seeking explanation from them within 15 days.
It may be mentioned that a scrutiny of the records of deed writers in an audit in the sub-registrar office revealed that one person made an agreement of sale of land measuring 68 kanal 10 marla on February 26, 2008 with a coloniser for a consideration of Rs 5.99 crore and received the full consideration. This instrument (agreement) for sale was not got registered with the registering authority though the same was required to be registered under Article 5 (cc) of Schedule 1A (for Punjab) of the Indian Stamp Act, 1899.
The seller instead executed and got registered another instrument of power of attorney on the same day February 26, 2008 authorising the purchaser to develop the land for all purposes or sell it to any other person for consideration and get the land (in full or part) registered as deeds of conveyance.
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