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Uttar Pradesh allows scrapped notes for property registration fee

Principal Secretary, Information, Navneet Sehgal said Stamp and Registration department has issued an order stating that the Centre has allowed the state government to give exemption in collecting the state duties and taxes in the banned higher value notes.

In a major relief to people in Uttar Pradesh, the Akhilesh Yadav government has issued order to accept the demonetised currency notes of Rs 500 an Rs 1,000 for property registry fee at registrar offices till November 24.

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Principal Secretary, Information, Navneet Sehgal said Stamp and Registration department has issued an order stating that the Centre has allowed the state government to give exemption in collecting the state duties and taxes in the banned higher value notes.

Following this, the state government has issued an order to accept the old notes for property registry fee.

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However, no such exemption has been allowed for stamp duty, he added.

Meanwhile, Lucknow-based social activist and lawyer Nutan Thakur Wednesday wrote a letter to Prime Minister Narendra Modi seeking immediate quashing of UP government’s order of allowing Rs 500 and Rs 1,000 old notes to be accepted for land registration.

In a press statement, Thakur said that she has also sent e-mails to Finance Minister and RBI Governor where she has termed state government’s move as illegal, unconstitutional and anti-national as the “old high value currency notes have been banned on reasons of terrorism and anti-national funding as well”.

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She further said that only Centre has the rights under Section 26 of RBI Act,1934, to declare the legal validity of any currency note.

First published on: 17-11-2016 at 04:06:32 am
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