Business Line 17.04.2013
Anywhere property registration to be reality by July in AP
Come July, anywhere registration of properties will be a reality in Andhra Pradesh.
Any house or land, irrespective of location within the State, can be
registered across any one of the 432 Sub-registrar Offices in any part
of the State, Vinod Kumar G Agarwal, Principal Secretary, Government of
Andhra Pradesh, said.
“This will be possible with the Government establishing a massive State
Data Centre in IT hub of Gachibowli with a capacity of 100 terra Bytes
and with a disaster recovery centre outside of Andhra Pradesh. Thus far
258 offices have been covered and the rest will be online with this
facility within couple of months,” he said.
Speaking at an interactive session with the representatives from the
real estate sector at the Federation of Andhra Pradesh Chamber of
Commerce and Industries, he said, “Every property in the State will have
unique identity and can be located based on the identity by using
certain coordinates,”
With the entire registration process going online, he said, “It will be
possible for people to complete the filling up of forms sitting in the
house, booking a slot for registration and completing the process
without any delay.”
Franking machines
The State Government is also considering the possibility of allowing
firms to have franking machines, which will enable them to print a stamp
paper and use it.
Referring to the recent changes brought about in the stamp duty
structure and market values of properties, he said with these changes,
Andhra Pradesh will have the lowest rates across the country, next only
to Union Territory of Delhi.
The State has reduced the stamp duty from 7.5 per cent to 6 per cent in
urban areas and 8.5 per cent to 6 per cent in rural areas. It was about
13.5 per cent about 8 years ago.
The Government has also concurrently revised the values of land to bring
them on par with what the market conditions are, he said.
During the meeting, the Federation President, Devendra Surana wanted
some changes to be brought about to further streamline the registration
process.
