Delhi Cabinet approved Court Fees (Delhi Amendment) Bill, 2011: The Delhi Cabinet has approved the Court Fees (Delhi Amendment) Bill, 2011 and also approved the auction of 93 vacant shops underneath subways and 13 shops in residential colonies on freehold basis. The Court fee has not been revised since 1958 while all kinds of duties and fees have been revised. The Court Fees (Delhi Amendment) Bill 2011 will be tabled in the Budget Session of the Assembly next month.
The Bill seeks to completely abolish stamp paper of all denominations and shift to electronic-stamping facility. This would ensure hassle-free transactions and prevent fraudulent practices. The Bill seeks a 10-fold hike in court fees thereby it will increase the revenue collection from court fees from Rs. 50 crore annually to Rs. 500 crore.
The Cabinet also decided to auction 93 shops in subways and 13 shops in residential colonies, lying vacant, on freehold basis. The shops were constructed by the PWD.
With the rapid urbanisation in the country, real estate industry and construction industry in India is moving towards rapid growth serving as a vital sector in the Indian economy. It is expecte More
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