Physical registration of leave and license was stopped by the stamp duty office till end of July 2020. Option of e-registration was available, all this to battle Covid 19.

By Varun Singh

On Tuesday the Inspector General of Registration and Controller of Stamps, Omprakash Deshmukh issued a circular allowing physical registration of leave and license agreements.

A complete halt was brought in by the department via a circular in April on physical registration of the leave and license agreements. It was to be followed till July 2020.

Also Read: Physical registration of leave and license agreement stopped till end of July

However, on June 2, Deshmukh issued a fresh circular which amended the earlier clause.

The new circular allows sub registrars in all the offices of registration to carry out physical registration of leave and license. The registration can be carried out if other documents for registration are less in numbers.

When contacted Deshmukh confirmed that the circular has been issued by his office. He said. “All the offices that are open for registration in Mumbai and other cities will follow this order. Offices in containment zones are still not open to public.”

In May, ten offices of registrations were opened in the city of Mumbai.

According to Adv Vinod Sampat, President, Registration Fee & Stamp Duty Payers Association, there are many restrictions as regards to e-registration of Leave & License agreements. To begin with document has to be in the format prescribed by the department.

“The present draft of Leave & License as suggested by department may not take into consideration various clauses like lock in period, penalty clause, NOC of CHS, use of premises by employees of Corporates,” he said,

Sampat says, now parties can register the Leave & License agreement with their clauses by approaching the Sub registrar subject to their being a vacant time slot with Jt. Sub Registrar. This is a good move for one and all.”

Meanwhile, the circular emphasizes that registration office staff should encourage and inform people to use the facility of e-registration.

In the month of May, only in Mumbai a total revenue of Rs 18.12 crore was collected via registration. Of this 990 documents registered were that of leave and license and all were via e-registration.

The May revenue was 4 lakh per cent more than the money collected in April which stood at Rs 43,574.

Also Read: May month’s registration income in Mumbai jumps 4 lac % from April

Leave a Reply
You May Also Like

Godrej leases office to Maersk for Rs 13.09 crore rent

Godrej Fund Management has leased ~ 2 lakh sq. ft. office space to…

Mumbai Clocks 3K Sales In 10 Days Of 2021.

After creating history in December 2020, Mumbai has seen a decent sale…

BHIVE Workspace leases 7 units in Adani Inspire BKC for Rs 1.39 Cr per month

BHIVE Workspace, operated by Tusker Workspace Pvt Ltd leased 7 units in…

Kalpataru launches residential project, in Baner, Pune

Real estate major Kalpataru has launched its premium residential project, Kalpataru Aurum, in Baner,…