Panchayat:Repo18/Law Manual Page0267

54[(v)(a) assignment on lease of the same stamp duty on a bottomry bond immovable property for more than (item 14 of the Schedule to the Kerala Stamp one year. Act, 1959) which may be remitted or payable as per the lease deed. (b) assignment on lease of the same stamp duty on a bottomry bond immovable property for not less (item 14 of the Schedule to the Kerala StampAct, than one year but not more than 1959) on one year's average lease amount or five years price fixed. (c) assignment on lease of The same stamp duty on a sale deed items immovable property for more 21 or 22, as the case may be, of the Schedule than five years but not to the Kerala Stamp Act, 1959) for a exceeding ten years consideration equal to the average of lease amount fixed for an year. (d) assignment on lease of If the lease is subsisting for a very long immovable property period the same stamp duty as on a sale exceeding ten years deed (item 21 or 22, as the case may be, of the but not being a perpetual lease Kerala Stamp Act, 1959) for a consideration equal to three times the average yearly lease amount or price remitted or paid for the first ten years. (e) perpetual lease of immo Total amount of lease remitted or paid during vable property the first fifty years, as shown in the instrument]. (vi) Release, that is to say, any The amount or value as set forth in the instrument whereby a person released deed. renounces a claim upon another person or against any specified pecifieds South property when such release does not operate in favour of his or her spouse or children. (2) On the introduction of the duty as aforesaid, - (a) section 28 of the Kerala Stamp Act, 1959 shall be read as if it specifically required the particulars to be set forth separately in respect of property situated in the area under the jurisdiction of a Village Panchayat and in respect of property situated outside such area; and (b) section 62 of the Kerala Stamp Act, 1959, shall be read as if it referred to the Village Panchayat as well as Government. (3) The Government may make rules not inconsistent with this Act for regulating the collection of the duty, the payment thereof to the Village Panchayat and the deduction of any expenses incurred by the Government in the collection thereof. (4) The amounts collected in all the Village Panchayats in the State as duty on transfer of property under this section shall be pooled every year for the entire State and

ഈ താൾ 2018 -ലെ പഞ്ചായത്ത് റെപ്പോ നിർമ്മാണം യജ്ഞത്തിന്റെ ഭാഗമായി സൃഷ്ടിച്ചതാണ്.