MILE­STONES AND EX­PEC­TA­TIONS

HT Estates - - HTESTATES -

In Septem­ber 2013, land pool­ing as an al­ter­na­tive to land ac­qui­si­tion was no­ti­fied by the min­istry of ur­ban devel­op­ment As per this scheme, the own­ers will be re­quired to sur­ren­der their own­er­ship rights in the con­sol­i­dated land parcels in favour of the land pool­ing agency which is Delhi Devel­op­ment Author­ity The depart­ment of rev­enue has is­sued a no­ti­fi­ca­tion dated 13.01.2015 ex­empt­ing stamp duty payable un­der the In­dian Stamp Act, 1899, in re­spect of the first trans­fer of pooled agri­cul­tural land parcels to DDA The Delhi gov­ern­ment is ex­pected to clar­ify the am­bi­gu­ity sur­round­ing stamp duty ex­emp­tion at the time DDA re­turns the land to the own­ers

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