New Delhi. The people of the state are taking full advantage of the Yogi government’s CM donation scheme (deeds of donation). As soon as the scheme comes, a large number of people are reaching the registry office to get their ancestral property transferred. In just one month, more than 28 thousand families in the state took advantage of CM Danpatra Yojana (deeds of donation). At the same time, the Yogi government has received revenue of more than 100 crores so far from this scheme. According to the revenue department, there has been an increase of 329 percent in the cases of donation deeds since the scheme.
Unprecedented growth
CM Yogi Adityanath’s charity scheme (deeds of donation) has proved to be nectar for the people. According to the revenue department, before the scheme, only the people of the count across the state used to transfer their ancestral property, because of this, they had to pay huge amount in the transfer of property. In such a situation, even after passing many generations, people did not transfer their ancestral property due to financial constraints. At the same time, after the exemption given in stamp duty due to the introduction of the scheme, there is an unprecedented increase in it. On June 15, the Yogi cabinet, while approving a new proposal on the stamp and registration department, had given the facility of registering his property (deeds of donation) on a stamp of just Rs 5 thousand to get his property in the name of a member of the family. Apart from this, the applicant has to pay a processing fee of Rs. More than 28 thousand families of the state have benefited from this scheme, while the government has received revenue of more than 100 crores.
Family disputes related to property will be reduced
One of the biggest benefits of CM donation scheme in future will also be that the family dispute related to ancestral property will come down significantly from the scheme. Also a father can transfer his property to his son or daughter during his lifetime. This will end the ongoing dispute between brother and brother and other family members regarding transfer of property after the death of the father. Along with this, any married daughter will be able to transfer the property of her own free will in favor of siblings by paying less stamp duty.
Earlier, ten percent of the total assets had to be stamped
It is to be known that stamp duty is levied on all types of registries under the circle rate. For this reason, the members of the family get the property registered only when necessary, so that they can avoid the hefty stamp duty. If one had to transfer his ancestral property, he had to pay a total stamp duty of ten percent of the value of his property. For example, a stamp duty of Rs 5 lakh had to be paid for transfer of property worth Rs 50 lakh. At the same time, with the advent of the scheme, the property will be transferred for just Rs 6,000.
This can take advantage of the scheme
Family members, such as father-mother, husband-wife, son, daughter, daughter-in-law, son-in-law, real brother, real sister and their children are also included in the exemption under this scheme.