The Comptroller and Auditor General (CAG) has uncovered major lapses in the valuation of properties across several sub-registrar offices, leading to a substantial revenue loss of Rs 5.37 crore to the state exchequer. A CAG report on the Revenue Department for the period ended March 2022 was laid on the table of the Himachal Vidhan Sabha last week.

The shortfall occurred due to incorrect application of Circle rates and acceptance of false affidavits regarding the distance of landholdings from the roads, which determine the applicable Stamp Duty (SD) and Registration Fee (RF).

According to Article 23 of the Indian Stamp Act, 1899, amended in 2013, the Stamp Duty is levied at six per cent for men and four per cent for women in Himachal Pradesh on either the market value of the property or t

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