Hyderabad: High stamp obligation costs hurting Secunderabad Cantonment residents
Hyderabad: The citizens of Secunderabad Cantonment are up in arms versus the Secunderabad Cantonment Board for gathering 3.5 percent much more mark obligation costs on building enrollment contrasted to what the Greater Hyderabad Municipal Corporation was billing. Locals declared that inspite of taking much more costs, the SCB was stopping working to offer them standard facilities.
According to residents, in GHMC, the stamp obligation costs for enrollment of homes is 7.5 percent, yet in SCB, it is 11 percent, which is 3.5 percent greater than the GHMC even with the truth that SCB stops working to offer correct centers like health centres, normal water system, correct roadways as well as a lot more.
The major factor for the greater costs is the Transfer of Property Tax (TPT), which belongs to the enrollment costs. While it is 5 percent in Secunderabad Cantonment location, it is just 2 percent throughout theState “These extra charges are a burden on us.Why we should pay more when we are deprived of basic amenities and infrastructure? This extra burden should be reduced.We have been requesting the officials concerned to collect the registration charges akin to the charges collected by the GHMC, or better, if they merge the SCB with GHMC,” stated A Srinivas, a citizen ofSecunderabad Cantonment
“These extra charges are burdening the common man. Even after taking extra charges, the locals are not provided with basic amenities. We are vexed up with sending representations to the officials concerned seeking slash in the stamp duty charges. But none seems to bother about our pleas. The only better solution we can think of is the merger of SCB with GHMC,” included Ravinder, an additional local of the Cantonment.