Mizoram collects over Rs 8 cr from stamp and land registration fees

The Mizoram government has received a revenue amounting to over Rs. 8 crore from stamp duties and land registration fees in the current fiscal.  During a meeting chaired by Chief Minister Lalduhoma 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 by the department from stamp and registrations fees in the current fiscal till November. 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.

The stamp duty here basically  refers to those used for purchase of land or house plot, bank mortgage and gift, according to Land Revenue and Settlement minister  B. Lalchhanzova. Vanlalmawia said the government is also exploring feasibility to set up a revenue court in the state. 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. Online tax payment system was introduced in the AMC area in 2022.

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 a Land Settlement Certificate (LSC). He said that 3,59,331 Record of Rights have been computerised and 1,155 digitally signed property cards as well as 94,154 Lan Parcel Identification Number (ULPIN) have been issued so far.