Audit Reports

Tamil Nadu

Overview

The report contains 19 paragraphs involving RS 90.84 crore. The total receipts of the Registration Department for the year 2009-10 were RS 3,662.16 crore as against RS 3,793.68 crore during 2008-09. The tax revenue raised by the Government of Tamil Nadu for the year 2009-10 was RS 36,546.66 crore as against RS 33,684.37 crore during 2008-09. The revenue of the Department decreased by three per cent from the previous year and it was 10 per cent with reference to the total revenue of the State. Arrears of revenue were RS 197.50 crore as on 31 March 2010.

Non-inclusion of "general power of attorney" within the purview of levy on market value continues to deny revenue to the Government. Failure to notify the rate of stamp duty for issue of shares, etc through electronic mode had resulted in the Government not being able to augment revenue during the years 2005-06 to 2008-09. The Government did not amend the Registration Act to make certificate of sale compulsorily registrable to ensure sufficiency in payment of stamp duty.

Misclassification of instruments of conveyance as cancellation deed resulted in short realisation of stamp duty and registration fees of RS 4.09 crore. Stamp duty and registration fees of RS 42.06 crore was short levied on mortgage deeds. Stamp duty and registration fees of RS 5.33 crore was not collected as there was suppression of fact in conveyance deeds. Stamp duty and registration fees of RS 9.75 crore was short levied due to undervaluation of properties in 22 Registries. Stamp duty and registration fees of RS 25.70 crore was not levied due to incorrect grant of exemption.

Download Audit Report

• Preface
• Overview of Report of 2010 - Financial Audit on Revenue Receipts of Government of Tamilnadu
• Chapter 1 - Introduction
• Chapter 2 - Administration of Stamp and Registration Laws
• Chapter 3 - Special Deputy Collector (Stamps)
• Chapter 4 - Internal Audit
• Annexures