UP allows use of old currency for Land Registry

Nov 17, 2016 12:15 IST

The State Government of Uttar Pradesh (UP) has permitted the use of old 500 and 1000 rupee notes for land registry fee payment until 24 November 2016.

The announcement was made following Union Government’s decision to allow payment of certain utility services with the old currency and land registration is being considered as utility charge by the UP government.

Land registry fee is decided depending on the size of the land or house being purchased. Presently, the highest payable amount is 20,000 Rupees.

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Similar Move by Other States

• The Chief Secretary of Telangana State, Rajeev Sharma announced on 16 November 2016 that people can use old demonetized 500 and 1000 rupee notes to pay their dues to the government till 24 November 2016.
- The exemption covers all kinds of fees, taxes and penalties payable to the government including commercial taxes, registration fee, water dues and power bills.

• In Bengal, the state government has withdrawn agricultural tax levied on heavy vehicles carrying perishable goods like fish, egg and vegetables.
- Many of these trucks/ vehicles were stuck at the state’s border, unable to enter due to shortage of currency notes.
- Besides this, Kolkata Municipal Corporation (KMC) run by Trinamool Congress has decided to permit people to use old currency notes to pay property tax for now.  

• Vinod Tawde, Minister of Cultural Affairs in Maharashtra also announced his government’s decision of allowing the use of old notes in Marathi theatres.
- The exemption however, only applies to the already scheduled Marathi plays at theatres run by urban development boards across the state. This is to minimize the possibility of black marketing of the tickets.
- The Maharashtra government has also waived off toll fees on all of its state highways until 24 November 2016, making it easy for farmers who can now transport their produce on state transport buses for free.
- Apart from this, the chief minister of Maharashtra, Devendra Fadnavis ordered all private hospitals to take cheques from emergency case patients who are short on cash. Fadnavis assured the hospitals that the state would pay 10,000 rupees from the CM’s Relief Fund to the hospital for every patient whose cheque bounces.

These decisions by the state governments are being taken at their own risk. To ease the plight of common people, the Union Government has also extended its deadline for the use of 500 and 1000 rupees notes in the payment of utility bills, fuel, taxes, fees and other purchases from consumer co-operative stores to 24 November 2016.

Is this article important for exams ? Yes

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