Circle Rate of Constructed Properties have been notified for levy of Stamp Duty and Registration


Circle Rate of Constructed Properties have been notified for levy of Stamp Duty and Registration
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Tuesday, December 29, 2015
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Dear all,

Your association SIMA is in receipt of an  Order No. ADM/ RD/ Properties/ Circle Rate/ 78/ Rev(S)/2015, dated 28/12/2015 issued by Deputy Secretary, Revenue by order and in the name of Administrator, Dadra & Nagar Haveli.

As we all are aware that, in recent past,  Administration of our UT of Dadra & Nagar Haveli, Revenue Department, Silvassa vide Order No. Adm/RD/RTS/Rate/2015/3118 dated 29.10.2015 had revised the Circle Rate for Agriculture and Non-Agriculture land for various Patelads of our UT. Your association SIMA had sent the order of the revised circle rate for Agriculture and Non-Agriculture land for various Patelads and Villages on 3rd November 2015 to  and accordingly seller and purchaser are bound to pay the stamp duty on Circle Rate of land as mentioned in the order.

Now for the constructed property the Revenue Department has declared the Circle Rate for recovery of the stamp duty. Accordingly the UT of Dadra & Nagar Haveli has fixed the circle rate for Constructed Properties i.e. Dwelling Units or Houses, Industrial Buildings and Commercial Buildings for the purpose of charging of Stamp Duty/ Registration Fee during transfer / registration of properties. The said Circle Rate of Constructed Properties are mentioned in the Order No. ADM/RD/ Properties/ Circle Rate/78/ Rev(S)/2015, dated 28/12/2015 and the scanned copy of said order is attached herewith.

In the said order the Cost of Construction of built up area of the various categories  of properties and category of construction are mentioned in column "A" of the said order.  In case of  old construction the cost shall be determined by the multiplication factor as mentioned in column "B". Circle rate of Built up area shall be determined by the formula for deriving the Circle Rate as mentioned in Column "C". For levy of stamp duty,  the valuation of constructed property shall derive as per formula  mentioned at Column "D" of the said Order.

Now, in case of transfer and registration of properties the stamp duty will be levied on constructed area, and  valuation of which shall be worked out as per the order. You are requested to go through the attachment and pay the stamp duty and registration fee as per the valuation, which shall be worked out as per formula mention in the order

Thanking you,
With regards,

For Silvassa Industries & Manufacturers Association,    

Narendra Trivedi, 
Secretary 


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