<p>Aizawl: The <a href="https://www.deccanherald.com/tags/mizoram">Mizoram</a> government has mopped up revenue of over Rs 8 crore from stamp duties and land registration fees in the first eight months of the current fiscal, an official said.</p>.<p>During a meeting chaired by Chief Minister Lalduhoma on Thursday to review the initiatives of Land Revenue and Settlement and Food, Civil Supplies and Consumers Affairs (FCS&CA) departments, revenue secretary Vanlalmawia said that a total of Rs 8.58 crore was collected from stamp duties and land registration fees till November in the current fiscal.</p>.<p>In February, the state assembly passed the Indian Stamp (Mizoram Amendment) Bill, 2024, which seeks to hike stamp duty from 1 per cent to 3 per cent of the property.</p>.<p>The stamp duty is levied for the purchase of land or house plots, bank mortgages and gifts, according to Land Revenue and Settlement Minister B. Lalchhanzova.</p>.India has to brace up in future to deal with non-tariff, potential duty measures: Official.<p>Vanlalmawia said the government is also exploring the feasibility of setting up a revenue court in the state.</p>.<p>Apart from the Aizawl Municipal Corporation (AMC) area, an online tax payment system will be introduced in all the districts from the next fiscal, he said.</p>.<p>The online tax payment system was introduced in the AMC area in 2022.</p>.<p>According to the senior official, the revenue department is preparing a Record of Rights (RoR), a legal document containing all necessary information about a land parcel, including ownership, to substitute the Land Settlement Certificate (LSC).</p>.<p>He said that 3,59,331 RoRs have been computerised and 1,155 digitally signed property cards, as well as 94,154 land parcel identification numbers, have been issued so far. </p>
<p>Aizawl: The <a href="https://www.deccanherald.com/tags/mizoram">Mizoram</a> government has mopped up revenue of over Rs 8 crore from stamp duties and land registration fees in the first eight months of the current fiscal, an official said.</p>.<p>During a meeting chaired by Chief Minister Lalduhoma on Thursday to review the initiatives of Land Revenue and Settlement and Food, Civil Supplies and Consumers Affairs (FCS&CA) departments, revenue secretary Vanlalmawia said that a total of Rs 8.58 crore was collected from stamp duties and land registration fees till November in the current fiscal.</p>.<p>In February, the state assembly passed the Indian Stamp (Mizoram Amendment) Bill, 2024, which seeks to hike stamp duty from 1 per cent to 3 per cent of the property.</p>.<p>The stamp duty is levied for the purchase of land or house plots, bank mortgages and gifts, according to Land Revenue and Settlement Minister B. Lalchhanzova.</p>.India has to brace up in future to deal with non-tariff, potential duty measures: Official.<p>Vanlalmawia said the government is also exploring the feasibility of setting up a revenue court in the state.</p>.<p>Apart from the Aizawl Municipal Corporation (AMC) area, an online tax payment system will be introduced in all the districts from the next fiscal, he said.</p>.<p>The online tax payment system was introduced in the AMC area in 2022.</p>.<p>According to the senior official, the revenue department is preparing a Record of Rights (RoR), a legal document containing all necessary information about a land parcel, including ownership, to substitute the Land Settlement Certificate (LSC).</p>.<p>He said that 3,59,331 RoRs have been computerised and 1,155 digitally signed property cards, as well as 94,154 land parcel identification numbers, have been issued so far. </p>